# US animal proteins mixed on depressed CBOT soybean meal prices

> The US animal proteins market was quiet on July 16 with mixed product values. Meat and bonemeal was generally flat, with deals reported below $325 per short ton for porcine material on the Missouri River, though not confirmed. Bloodmeal was mixed and expected to ease.

- Date: 2024-07-16 · published 2024-07-16T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/29394-us-animal-proteins-mixed-on-depressed-cbot-soybean-meal-prices
- Commodities: [Meat & Bone Meal](https://feedsoft.ai/c/MBM.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Pressure from weaker soybean meal is weighing on sentiment across US animal protein ingredients, pointing to softer prices for rendered proteins in feed formulations.

## Read by commodity

- MBM: bearish ▼
- SBM: bearish ▼

## Sources

- thejacobsen.com: https://thejacobsen.com/2024/07/16/us-animal-proteins-mixed-on-depressed-cbot-soybean-meal-prices/

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