Mid-January ruminant MBM, soybean meal relativity above 5-year average

Author: Alexandra Watts

Mid-January ruminant MBM, soybean meal relativity above 5-year average

Market sources reported limited trade volume to Fastmarkets on Thursday January 16, keeping most US animal protein trade prices rangebound for the day.

At close, the benchmark March soymeal contract diminished by 2.52% day on day, at $294.40 per short ton. This was mostly due to the soybean meal sales came in at 145,548 tonnes, below the 150,000-300,000 tonne estimates.

Ruminant MBM, soybean meal relativity 
Ruminant meat and bonemeal (MBM) monthly average prices relative...

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