# Poultry by-product meal pet grade lower in Southeast; Sept on-feed cattle higher year on year - The Jacobsen

> Fastmarkets assessed Southeast US poultry by-product meal pet grade lower on September 20 at $550-625 per short ton due to higher production. The October soybean meal futures averaged about $318.66 per short ton in the week to September 20, up slightly from the prior week.

- Date: 2024-09-20 · published 2024-09-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28455-poultry-by-product-meal-pet-grade-lower-in-southeast-sept-on-feed-cattle-higher
- Commodities: [Meat & Bone Meal](https://feedsoft.ai/c/MBM.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Higher poultry byproduct meal output is pressuring pet-grade prices, while soybean meal held roughly flat, leaving the protein meal complex mixed.

## Read by commodity

- MBM: bearish ▼
- SBM: neutral

## Sources

- thejacobsen.com: https://thejacobsen.com/2024/09/20/poultry-by-product-meal-pet-grade-lower-in-southeast-sept-on-feed-cattle-higher-year-on-year/

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