Ruminant MBM and BM Display Increased Volatility

Ruminant MBM and BM Display Increased Volatility

The animal protein market was steady to close out the week though unsettled undertones were noted as wide ranges linger, specifically in the meat and bone meal (MBM) and blood meal (BM) markets. Overall, MBM ruminant witnessed a 2.6 percent or $9/ST week-over-week growth while the porcine counterpart was unchanged at an average $453/ST for the week. BM ruminant witnessed modest weakness compared to last week with a 2.9 percent or $29/ST loss while porcine BM again remained flat for the respective period. With the more recent cyber-attack on JBS, a have and have-not market has been noted from some participants for beef as slaughter is still trying to be made up amid seasonally decreased weights and heightened export demand.

Figure 1. 

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