Ruminant Blood Meal Prices Slide in June on Strong Production

Ruminant Blood Meal Prices Slide in June on Strong Production

Ruminant blood meal prices moved lower today as did ruminant MBM out of the Panhandle market. Strong production continues to weigh on the ruminant market and those who aren’t covered into the export market and are looking for domestic buyers are facing strong headwinds. Cattle slaughter finished last week at a robust 680,000 head, up 55 percent compared to the week ending May 2nd. The increased production, and anticipated continued strong production across all livestock sectors, is expected to add additional down pressure to the protein market.

Figure 1.

Cattle slaughter (left y-axis) is shown against the ruminant MBM price (plotted on the right y-axis).

Blog

12.20.2024

45z guidance fails to appear; government scrambles to pass spending bill

45z guidance fails to appear; government scrambles to pass spending bill

The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...

12.20.2024

US animal fats and oils end week softer across the board ahead of holiday slowdown

US animal fats and oils end week softer across the board ahead of holiday slowdown

Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...

12.20.2024

December cattle on feed down on month, year

December cattle on feed down on month, year

Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.

The only significant price...

Latest Tweets