# Animal proteins prices mixed; CBOT soybean meal creates price heaviness - The Jacobsen

> CBOT September soybean meal closed at $299.80 per short ton on August 13, 2024, down 8.59% from $328 on August 1. Animal protein prices were mixed, with most items under pressure from the soymeal decline following the August WASDE report.

- Date: 2024-08-13 · published 2024-08-13T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12642-animal-proteins-prices-mixed-cbot-soybean-meal-creates-price-heaviness-the
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Meat & Bone Meal](https://feedsoft.ai/c/MBM.md)

## Why it matters

Soybean meal is a core protein input for feed formulators, so lower meal prices ease feed costs and weigh on the protein complex. The WASDE production upgrade drove the drop.

## Read by commodity

- MBM: neutral
- SBM: bearish ▼

## Sources

- thejacobsen.com: https://thejacobsen.com/2024/08/13/animal-proteins-prices-mixed-cbot-soybean-meal-creates-price-heaviness/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.