# Ruminant meat and bonemeal relative to CBOT soybean meal drops - The Jacobsen

> Fastmarkets reported ruminant meat and bonemeal FOB Missouri River at 77.20% of CBOT soybean meal for the week to May 3, a 13-point drop from the five-year average. The relative value fell as soybean meal prices declined more than MBM rose over the year.

- Date: 2024-05-09 · published 2024-05-09T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/30383-ruminant-meat-and-bonemeal-relative-to-cbot-soybean-meal-drops-the-jacobsen
- Commodities: [Meat & Bone Meal](https://feedsoft.ai/c/MBM.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A falling ratio of ruminant MBM to soybean meal makes MBM relatively cheaper as a protein source, which can shift feed formulation toward it. The change reflects soybean meal weakness as much as MBM strength.

## Read by commodity

- MBM: neutral
- SBM: bearish ▼

## Sources

- thejacobsen.com: https://thejacobsen.com/2024/05/09/ruminant-meat-and-bonemeal-relative-to-cbot-soybean-meal-drops/

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