Price were steady on Thursday with sources indicating a quiet day on the market. Undertones of pressure on porcine and ruminant meat and bonemeal continue to be communicated from multiple locations with the lower soybean meal prices the last two days and on overall price fatigue.

Bloodmeal has been strong at the end of quarter two into quarter three on accounts of hit-and-miss demand paired with tight offering levels. Out front trading on all variants has been light with the persistent CBOT unease, market volatility, drought, and fertilizer demand fluctuations.

Porcine bloodmeal has been called steady to higher recently on reports of active demand and limited offering levels. Contacts have witnessed wider ranges in the near term with some sellers showing more offerings than others. A high of $1400/st was reported on several regions for the past week and a half due to the limited availability (Fig. 1).

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