Porcine blood meal prices traded sharply lower today. Negative momentum had been building ahead of the holiday break and despite lower production numbers, sellers have had to discount material to keep it moving. Reformulations from the feed sector on a number of ingredients are driving prices lower across nearly all markets. Porcine blood meal FOB IA/MO/NE finished March with a relative price to soybean meal of 298 percent, 48 points over the prior three-year average. It’s reasonable to expect buyers to push for levels closer to the prior…