The market was quiet to close out the week. There were a couple of loads of porcine MBM that traded as low as $330/MT. Sellers moving material into export or pet food have been able to trade above the printed range, but those moving loads outside of those markets are starting to get pressure due to the cheaper ruminant and soybean meal prices.
A steady to weaker call was witnessed this week on reports of increased trucking related struggles as the harvest season begins. Compounding the truck scarcity is the lessened movement at the Gulf port for export. Meat and bonemeal ruminant Mo. River saw a 3.75 percent drop on the weekly average while the porcine sector was down 0.83 percent with tighter ranges. Feathermeal also witnessed pushback in the market as lower soybean meal pricing placed pressure on the market, leading to a $20/ST or 1.4 decline week-on-week. Bloodmeal was mixed with beef lingering within the ranges while porcine continued to see slight declines in most…
Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!