Historical Data Suggest Higher Blood Meal Prices Ahead

Historical Data Suggest Higher Blood Meal Prices Ahead

Trading was steady today with no changes reported. Blood meal prices are lower for ruminant material this week, but the monthly average is still at a level to finish higher than November. History suggests an upward trend is due in January. Over the last five years, ruminant blood meal has traded higher in January relative to December five times or at a rate of 100 percent. The average price move over the last ten years is an increase of $42.88 in January from December. With soybean meal prices…

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