Loading…
Fastmarkets reported that US animal protein prices were steady to lower on December 27, with some distressed loads traded late that week. Ruminant and porcine meat and bone meal (MBM) moved in tighter ranges through 2024 than in 2023.
The average Missouri River ruminant MBM range was $235-288.50 per ton, well below 2023's $241.25-453.
Lower MBM prices reduce the cost of protein inputs for feed formulators, but the weak soybean meal market and the wide year-on-year drop signal soft demand for protein meals.
thejacobsen.comAlexandra WattsDec 27, 2024Not 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.
