Thanksgiving Holiday and Increased Offerings Pressure Animal Proteins

Thanksgiving Holiday and Increased Offerings Pressure Animal Proteins

Values were generally flat at the end of the week. Confirmations on higher ruminant bloodmeal pushed the values up to a new range of $1025-1150/st. Values over were reported but could not be confirmed as of press time. Lower porcine meat and bonemeal was indicated today, dropping the low on Mo. River to $380/st.

The animal proteins market was highly irregular this week. Pressure was witnessed on ruminant meat and bonemeal, feathermeal, and poultry by-product pet grade, even with a rise in soybean meal. Next week, some packing plants will have a three-day processing week due to the Thanksgiving holiday on Thursday, creating more unease in the market.

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**Bob Lane was out of the office today and will return on Monday, December 18, 2023. In his absence, please contact Amanda Luhavalja at [email protected] **

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