Bloodmeal Prices Fall On Heavy Supply

Bloodmeal Prices Fall On Heavy Supply

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The Jacobsen will close trading at 12 noon CT on Fridays through September 4th. The bulletins will be published shortly after close.

Ruminant and poultry bloodmeal traded lower today as continued, strong supply weighs on market prices. There is some anticipation of increased demand in July tied to improved milk prices through June. However, recent spikes in COVID cases in a number of states have added concern over restaurant demand and this may be contributing to a downturn in both milk and cheese futures pricing this week. Even with an increase in demand, price increases may be arrested by the…

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