Poultry Blood Meal Follows Soybean Meal, Porcine and Ruminant Higher

Poultry Blood Meal Follows Soybean Meal, Porcine and Ruminant Higher

Poultry blood meal finished the month of October with a relative price of 175 percent to nearby soybean meal for the FOB South market. The 175 percent is five points over the prior three year average and the first time since May that the market had moved above the historical relationship to soybean meal. Strong ruminant and porcine blood meal markets pulled the poultry market higher and it’s reasonable to expect the current values to hold as supply is due to tighten with holiday interruptions. Historically, the market has…

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