Animal Proteins Mixed for Month-on-Month Averages

Animal Proteins Mixed for Month-on-Month Averages

Values for Tuesday were highly unsettled. The persistent ebb and flow in soybean meal prices combined with the start of a new month led some participants to sit on the sidelines to a degree. Wide ranges were reported on poultry by-product pet grade and chicken meal with $150-200/st spreads. 

Ruminant meat and bonemeal, Mid-South, was under pressure with a new low of $360/st. Values on monocal and phosphate were reportedly lower, weighing on ruminant meat and bonemeal. Feathermeal was lower on excess offerings, dropping values from the prior week in several regions.

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