Pressure on Bloodmeal Re-Emerges After Holiday Lull

Pressure on Bloodmeal Re-Emerges After Holiday Lull

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For Thursday, most values were flat with limited trade reported. The only adjustments were porcine and ruminant bloodmeal int the Midwest, which were steady to lower on accounts of varied demand and increased offering levels at some locations. The locations with excess supplies led to an overall drop in the market values, even though several locations reported tight inventory. Participants also communicated increased trade volume out front, with some expecting the combination of higher slaughter in Q4 along with ration reformulations to weigh on values.

For week ending September 9th, 2023, broiler slaughter is anticipated to be 150.966…

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