Due to last week’s shortened trading week, the week-over-week numbers are mostly steady while this week showed a modest decline on meat and bonemeal (MBM) while pet food grade poultry-by-product meal (PFG PBM) was slightly stronger. Logistical struggles and increased freight costs have continued to weigh on several, if not all, markets and although some participants have reported a slight reprieve after the holiday. Others continue to witness shortages and bottlenecks.
Ruminant MBM saw the largest drop this week at 8.8 percent while ruminant bloodmeal trailed with a 6.6 percent decline. Both witnessed pressure in the market due to the continued decline in porcine protein pricing as well as reports of increased domestic availability due to diminished export movement. The porcine MBM market saw a 4.3 percent or $26.50/ST drop on fully adequate to ample offerings at some locations. PFG PBM was the only animal protein market to witness an upward trend this week. A gain of 6.2…
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