Please Note

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Demand was steady at the start of the week and then seemed to improve later in the week, but not enough to influence prices higher.  Export interest appears to be at a steady pace.  Low ruminant meat and bone meal prices are likely limiting upside price potential and that is apt to continue for a couple more weeks.

The relative price to soybean meal futures in the River Market for July was 70.6%, down from June’s 75.8%, but above last July’s 66.2%. For the last two months, the relative price has been below the 3-year average but above last year. The relative price in August and September tends to increase from July, but…