Multiple market participants reported end-of-day price support for ruminant and porcine items on Wednesday June 26. Poultry prices were rangebound for the day, with several market sources saying they were sold up through the July 4 holiday weekend, focusing on logistics due to the wheat harvest.
Sources on the ruminant and porcine market reported price support ahead of the holiday week and into the start of July, most likely due to limited slaughter for the holiday.
In-need shipments for the holiday week were indicated above the market price for ruminant meat and bonemeal.
Several participants reported rangebound prices for the day and were concentrating on logistics, with flooding and animal health issues due to continued heatwaves across the US. The diverse market has led to wider ranges on bloodmeal and meat and bonemeal for Wednesday.
…
Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!