Most participants in the US animal protein market were sitting on the sidelines amid the missile strike on Israel, the International Longshoremen’s Association (ILA) port strikes and higher soybean meal prices on the Chicago Board of Trade (CBOT), sources told Fastmarkets on Tuesday October 1.
Prices for pet-grade poultry by-product meal (PBPM) were under significant pressure in the Mid-South and Southeastern regions, sources said.
Fastmarkets assessed poultry by-product meal pet grade, fob Mid-South at $475-650 per short ton for Tuesday, widening downward from $550-650 per ton on Monday September 30.
And Fastmarkets assessed poultry by-product meal pet grade, fob Southeast at $475-600 per short ton for Tuesday, widening downward from $525-600 per ton on Monday. Prices were indicated at $650 per short ton for limited volumes.
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