US animal protein prices were steady to slightly higher on Tuesday October 15, although limited price adjustments were indicated. Most market sources reported a steady tone due to limited trade volume.
Several market participants were traveling or attending the American Fats and Oils Association (AFOA) conference this week, which should limit trade, Fastmarkets understands.
Fastmarkets assessed bloodmeal, ruminant, Missouri River at $875-975 per short ton on Tuesday, widening upward from $875-950 per short ton on Monday. Prices above that range were indicated but could not be confirmed as of press time.
Meat and bonemeal relative to CBOT soybean meal
Porcine and ruminant meat and bonemeal (MBM) Missouri River prices relative to the Chicago Board of Trade (CBOT) soybean meal (SBM) futures have widened in 2024.
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CWG...
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YTD porcine, ruminant meat and bonemeal prices widen relative to soybean meal futures
US animal protein prices were steady to slightly higher on Tuesday October 15, although limited price adjustments were indicated. Most market sources reported a steady tone due to limited...