Market Activity

Trading was quiet to close out the week with no action reported. Ruminant blood meal was flat this week, reported in a wide range $600 – 700 Mo. River. The monthly average currently sits at $643.38, which is the lowest since 2011. The relative value of 195% is the lowest since 2011 as well. Given these favorable ratios for buyers and prices trading higher in Feb than Jan 65% of the time over the last fifteen years, it’s reasonable to expect the blood meal market to…