Lackluster trade volume keeps weekly US animal proteins prices mostly steady

Lackluster trade volume keeps weekly US animal proteins prices mostly steady

US animal proteins prices were steady to slightly lower for the week to Friday October 18 on limited trade volume.

Several market participants told Fastmarkets it was a sluggish trading week due to a combination of participants attending the American Fats and Oils Association (AFOA) conference, the grain harvest diminishing truck availability and overall unease of price direction.

Even though most values were steady, week-on-week averages were mixed due to adjustments in the week to October 18.

Most items moved lower on the weekly average by 1.0-2.2%, though poultry by-product pet food grade moved higher by 0.44% week on week.

A low of $850 per short ton was reported on ruminant bloodmeal, Missouri River for Thursday October 17, dropping the weekly average to $917.50 per ton, down by $10 per ton week on week.

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