Unsettled tones were witnessed this week, as the drop on soybean meal and diminished interest in feed items weighed on the market. Ruminant meat and bonemeal were lower in Mo. River and several other regions for the week on buyer pushback and a hand-to-mouth tone. Week-on-week, prices were down 2.1 percent, or $9.50/st, on average. Porcine meat and bonemeal was mixed to lower with less than a quarter percent decrease from last week. Bloodmeal was stronger for the week on active demand levels and limited offerings. Ruminant bloodmeal levels moved up in the Tx. Panhandle this week to a high of $1200/st. Mo. River noted no week-on-week change with levels steady at $1100-1200/st.

Poultry-by items saw a push-and-pull structure this week, as limited offerings, and brisk demand diminished spot price adjustments. The monthly drop in the soybean meal as well as dairy items has pushed prices for contracted purchase lower, which led to negative pressure from the buyers for the spot…