Protein Market Slightly Weaker Ahead of Holiday Shortened Week

Protein Market Slightly Weaker Ahead of Holiday Shortened Week

The market was fairly quiet ahead of the long, holiday weekend. Sources indicated that there is negative price pressure in the market, but sellers were hesitant to book material at lower prices due to the short production week, next week. The biggest decreases were in the porcine bloodmeal market, which fell 1.2 percent from the prior week’s average and ruminant MBM down 1.2 percent as well. Porcine MBM is down 1 percent from last week’s average. Soybean meal was relatively flat week on week, falling $3 from the prior week’s average. 

Figure 1. 

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