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Porcine and ruminant bloodmeal prices rose on December 3 as inventories were tight to nonexistent and demand was active to brisk. Several sources sold up for December, and dairy-sector demand lifted spot prices.
Fastmarkets assessed Iowa/Missouri/Nebraska porcine bloodmeal at $1,050-1,100 per short ton, up from $950-1,000.
Tight bloodmeal supply raises the cost of this protein ingredient for feed mills, though bloodmeal is a niche input with limited direct effect on the main feed grain and meal complex.
thejacobsen.comAlexandra WattsDec 3, 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.
