Only slight range adjustments were witnessed on the ruminant and porcine markets today. The push-pull tone has left both buyer and seller at a standstill on price direction. Increased offerings along with strong demand have pushed market pricing higher, however, relative feed items have diminished contract values have pulled spot trades lower. Wide ranges and unsettled tones remain for Tuesday.
Poultry-by items were under pressure for the day, witnessing a similar stance as the ruminant and porcine items. However, the ebb and flow on soybean oil and soybean meal has left several participants uncertain abought market stance for both the near term and out front. Poultry-by and chicken meal were weaker today on extensive pushback, even with extremely short offering levels. Several regions showed softness on feathermeal as soybean meal values limit possible gains. A new low of $540/st was reported for Tuesday.