Market Activity

Trading was mostly sideways in the protein market today. Porcine blood meal traded in a very wide range, $400 – 600 FOB, bu the bulk was steady at $500-550 IA/MO/NE. Heavy hog kills continue to pressure the market lower and look to in the near term. The fundamentals suggest that prices could increase in December, however, with prices in the Mo. River increasing relative to November in five of the last six years. The protein value in bloodmeal is very favorable at…