There was a big drop in the Mid-South feathermeal market today with trading done in very good volume as low as $450 FOB. Higher soybean meal prices and more acutely, shipping difficulties backing supply up into the interior markets, pressured the markets over the last week and a half. Sellers were forced to take big discounts today in order to move product. The lower priced Mid-South market adds significant risk to the surrounding markets for lower prices in the near term.

Porcine bloodmeal prices are supported by tighter production this month. The average price to nearby soybean meal is up to 294 percent through the first 18 days of the month, an increase of 27 percentage points from February…