The US animal protein market was unsettled this week, with most items having limited range adjustments. The exception was the bloodmeal markets, with porcine bloodmeal dropping 10.4 percent, or $137.50/st, from the previous week’s average. Increased offering levels were indicated on porcine bloodmeal, while ruminant was conveyed as tight, most likely due to lower slaughter. Pressure on porcine bloodmeal has been indicated from most, with the lower demand from feed increasing the amount of spot material offered into the market. The ruminant bloodmeal weekly average was 5.6 percent lower from the week prior. This is most likely due to the lower cattle slaughter levels keeping inventories tight, even with less demand reported from some.
Porcine meat and bonemeal was higher on active demand while ruminant was flat week-on-week.
Fig. 1
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