US animal protein prices were flat to lower on Wednesday August 7.
Most sources told Fastmarkets that the US animal proteins market was bearish due to uncertainty lingering from falling soybean meal (SBM) prices and macroeconomic concerns.
On Wednesday, markets for meat and bonemeal (MBM) and bloodmeal were both softer, though limited trade volumes kept prices flat for the day.
Some sellers of feathermeal (FM) on the US East Coast have a lot of inventory, while others have little to no stock.
Market sources reported traded prices in a wide range — above and below Fastmarkets’ assessments — in the Delmarva Peninsula, the Carolinas and the Mid-South, although the bulk of trading was within the assessed ranges.
Fastmarkets assessed the price of feathermeal, fob Delmarva Peninsula at $375-425 per short ton on Wednesday, down from $420-440 per ton on Tuesday August 6.
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