Sluggish animal protein trade was reported on Thursday June 6, keeping values flat. Market participants continued to indicate price pressure on meat and bonemeal as well as bloodmeal, although values were steady for the day.

April animal by-product production, stocks
In April, production of meat and bonemeal and dry rendered tankage (MBM/DRT), feathermeal (FM) and poultry by-product meal (PBPM) fell, according to the USDA’s Fats and Oils: Oilseed Crushing, Production, Consumption and Stocks report released on Monday.

Production of meat and bonemeal and dry rendered tankage totaled 423.02 million lb in April, down by 16.10% month on month and by 0.85% year on year.

US domestic usage of MBM/DRT in April increased by 23.01%, or 68.50 million lb, from March due to the decline in production and a significant climb in the percentage of export production in April — up to 45.82% from 40.96% in March.

…