Bloodmeal Market Remains Stable

Protein trading was mostly steady today with no changes reported. Pet food demand remains very strong for qualified material. Potential DDGS shortages and higher soybean meal prices are also supportive of steady to higher prices for animal proteins.

Bloodmeal prices have been steady to higher for most products and geographies over the last month, despite early prognostications of lower prices. It may be that shipping disruptions from China…