# Relative prices of US meat and bonemeal rise amid depressed soybean meal market: 2024 recap - The Jacobsen

> 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.

- Date: 2024-12-27 · published 2024-12-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/27074-relative-prices-of-us-meat-and-bonemeal-rise-amid-depressed-soybean-meal-market
- Commodities: [Meat & Bone Meal](https://feedsoft.ai/c/MBM.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

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.

## Read by commodity

- MBM: bearish ▼
- SBM: bearish ▼

## Sources

- thejacobsen.com: https://thejacobsen.com/2024/12/27/relative-prices-of-us-meat-and-bonemeal-rise-amid-depressed-soybean-meal-market-2024-recap/

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