US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter ranges.
Undertones of price pressure continue to be indicated on products due to lower soybean meal relativity and an overall increase in production for all three proteins in the fourth quarter, market sources told Fastmarkets.
A high of $1,050 per short ton was reported on ruminant bloodmeal, Missouri River for the week to November 22, lifting the weekly average to $977.50 per ton, up by $58.50 per ton week on week. Active to brisk demand was reported from multiple market sources due to the proximity of the extended Thanksgiving holiday weekend starting November 28 in the US, heightening spot values.
A low of $850 per ton was reported on porcine bloodmeal, Missouri River for the week, dropping the weekly average to $909 per ton, down by $13.50 per ton week on week.
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