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Fastmarkets reported US animal protein prices flat to lower on August 7, with feathermeal fob Delmarva Peninsula assessed at $375-425 per short ton, down from $420-440 the previous day. Sellers on the US East Coast hold uneven inventories, and traded prices ranged above and below assessments in several regions.
Softer feathermeal and meat-and-bonemeal values reflect bearish sentiment tied to falling soybean meal prices, which pressures protein meal costs for feed buyers.
thejacobsen.comAug 7, 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.
