*Please note – Chloe Krimmel was out of the office on Friday and will return on Monday, January 29th. In her absence, please contact Ryan Standard.**
Despite a sinking soybean meal market, protein prices were steady to higher this week. Ruminant meat and bone meal (MBM) FOB Mo. River and feather meal FOB Mid South were unchanged from last week’s averages.
The bulk of action in the porcine MBM market was done in a tighter range out of the Mo. River market, finishing the week at an average of $318/st, up 4.7 percent from the prior week’s average for the Mo. River market.
Bloodmeal, both porcine and ruminant, traded higher this week on tight supply and strong, nearby demand. The ruminant market FOB Mo. River was up 4.9 percent, porcine out of the IA/MO/NE market was up 3.1 percent.
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