Limited trade was reported for Tuesday and although several were in on Monday, several people in the market had a three-day, holiday weekend which lightened trade for the start of the week. Ruminant meat and bonemeal (MBM) was flat and porcine MBM was slightly higher on accounts of active demand.
Ruminant bloodmeal was steady to lower and the porcine bloodmeal market was unsettled and reported in a wide range. Indications were heard in a range of $1000-1375/st for the entire market. The Mid-Atlantic region continues to tight offering levels, keeping spot trades at a low of $1400/st.
For the week ending February 24, 2024, hog slaughter is forecast at 2.400 million head, 1.7 percent up from 2023 but 5.9 percent down from last week. Over the next six weeks, hog slaughter is projected to average 2.467 million head per week, less than half a percent under 2023 levels.
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