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Fastmarkets assessed porcine meat and bonemeal fob Missouri River at $300-360 per short ton on July 30, down from $325-365 on July 29, and fob Eastern IA/ILL at $300-365. Feathermeal prices were mixed, with some regions tighter and others lower, while buyers resisted offers above assessed ranges.
Lower meat and bonemeal and feathermeal values reduce the cost of this protein ingredient for feed mills, modestly undercutting protein meal prices in the US.
thejacobsen.comAlexandra WattsJul 30, 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.
