Feathermeal prices fell sharply out of the eastern market this week. Increased production and downward pressure on the overall animal protein complex has contributed to the downturn over the last couple of weeks in the feathermeal market. Animal protein prices on a whole peaked in late April through early May as supply disruptions and pipeline building drove prices to multi-year highs in terms of relative prices to soybean meal. Porcine MBM saw the biggest swing with prices increasing 121 percent from March lows to April highs. Prices are now an average of $10 higher than those March lows. Porcine blood meal has fallen 43 percent from May highs, ruminant MBM 29 percent and feathermeal 21 percent. The lower price decline in the feathermeal market relative to the other proteins can be attributed to its modest gain during the April and May run up, prices were up just 17 percent out of the Mid…