Beef and Pork Harvest Continue to Climb

Beef and Pork Harvest Continue to Climb

Meat and bone meal prices moved lower today with additional supply adding downward pressure to the market. Hog slaughter is up 40 percent relative to three weeks ago and cattle slaughter is up 32 percent relative to three weeks ago. At porcine prices below $300 FOB, sellers should start to attract more demand from the buy side for the June position/formulations, but broad appeal is likely to consolidate towards the lower end of the range for both porcine and ruminant material. Porcine and ruminant ellers with…

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