
Bloodmeal prices fell sharply year on year in April, with ruminant bloodmeal down 38% and porcine bloodmeal down 31%. Sellers report ample supply, but buyers are holding back and pushing for lower prices.
Lysine is priced below bloodmeal, which has also weighed on demand.
Ample supply and weak buying keep downward pressure on bloodmeal and meat meal values. The discount in lysine, tied to rising US supply, may keep buyers on the sidelines.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.