Mid-South, Southeast PBPM pet grade prices drop on higher inventories

Mid-South, Southeast PBPM pet grade prices drop on higher inventories

US animal protein prices were flat to down on Tuesday September 24

Porcine bloodmeal prices were reportedly under pressure, though no trades were confirmed outside the current range at the time of publication.

Fastmarkets assessed poultry by-product meal pet grade, Mid-South at $550-650 per short ton on Tuesday, down from $600-650 per short ton on Monday September 23.

Fastmarkets assessed poultry by-product meal pet grade, Southeast at $550-600 per short ton on Tuesday, down $550-625 per short ton on Monday.

Porcine bloodmeal relative to soybean meal
Porcine bloodmeal prices relative to the Chicago Board of Trade soybean meal futures were high at the start of 2024; over four times the price of soybean meal.

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