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Ruminant MBM was lower out of the Illinois market on December 13, and feathermeal traded lower in Alabama/Georgia. Bloodmeal prices kept rising, extending a trend in which MBM weakened while bloodmeal strengthened through the week.
The market was quiet ahead of the holidays.
Bloodmeal strength alongside weaker MBM shifts relative value among animal protein meals, so buyers may favour MBM over bloodmeal in feed formulas.
thejacobsen.comAlexandra WattsDec 13, 2024Not 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.
