US animal protein prices were steady to lower on Wednesday October 2 due to limited trade and market uncertainty, sources told Fastmarkets.
Trades in larger volumes were indicated for poultry by-product meal, meat and bonemeal, and feathermeal within the previously assessed price ranges.
Most participants in the Midwest told Fastmarkets that they do not expect the port strike to affect prices in the region in the near term.
But several sources in the US export animal protein market were hesitant to buy or sell due to the East and Gulf Coast port strike as well as volatility on soybean meal futures on the Chicago Board of Trade (CBOT).
This market unease also led to buyer hesitancy and lower bloodmeal prices in the Missouri River and Indiana markets, sources said.
Fastmarkets assessed bloodmeal, porcine, fob Mo. River at $900-1,000 per short ton on Wednesday, down from $925-1,020 per ton on Tuesday October 1.
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