Bloodmeal Prices Resistant to Upward Momentum in Protein Market

Bloodmeal Prices Resistant to Upward Momentum in Protein Market

Soybean meal prices were again higher, settling up $6.80 on the December futures contract. The increase in soybean meal prices has yet to spill into the bloodmeal markets. Ruminant bloodmeal prices are down $5 from month-ago levels while soybean meal prices are up $18. Prices for ruminant bloodmeal have historically bottomed out in the O-N-D time period before rebounding to start the year. However, the rising prices for other animal proteins and higher soybean meal prices suggest higher prices in the near term. The prior three year average relative price of Mo. River ruminant bloodmeal to nearby SBM is 207 percent, through today the average for September is 175 percent, which would be a historic low if it holds at that level through the remainder of the month.

Figure 1.

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

View a Sample Price Report Downloadable PDF

  • This field is for validation purposes and should be left unchanged.

*all fields required

More from the author

11.20.2020

Tallow Prices Steady Heading Into Holiday Break

11.04.2020

DCO Prices Steady, Production Increases

10.23.2020

BFT Continues to Defy Past Seasonal Trends

Blog

12.01.2020

Fats, Oils, & Fuels Webinar 12/1/20: Customer Q&A

Fats, Oils, & Fuels Webinar 12/1/20: Customer Q&A

Video shorts from the Fats, Oils, & Fuels Webinar Report Our team of Senior Analysts break down questions from the live Webinar audience during the call on Tuesday, December...

11.27.2020

Grain & Feed

Grain & Feed

PROGRAMMING NOTE: The Grain and Feed Bulletin will not publish on Thursday, Nov. 26. We'll print a price update on Friday, Nov. 27 and be back to our normal schedule...

11.27.2020

Cut in Indian Palm Oil Tax Sparks Rally in Veg Oil Futures

Cut in Indian Palm Oil Tax Sparks Rally in Veg Oil Futures

Cut in Indian Palm Oil Tax Sparks Rally in Veg Oil Futures

Soybean oil prices rallied during the shortened trading session on Friday as overnight strength...

Latest Tweets

We've setup a tracker to keep tabs on the conversion to renewable fuels. https://thejacobsen.com/renewable-fuels/?refcode=twitter #renewables #biodiesel #feedstocks #lowcarbon ... #fuels #alternativeenergy #diesel

We're IOSCO compliant!
https://thejacobsen.com/about/media/iosco-compliance/ #pricereporting #dco #yellowgrease #usedcookingoil #commodity

Load More...

Keep Track of the Conversion to Renewable Fuels on our special section: Renewable Fuels Watch