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Ruminant meat and bone meal (MBM) prices at the Missouri River market fell 9.8% or $32.30/st week over week after the holiday break, and porcine MBM FOB Mo. River fell 8.4% to an average of $370.
California MBM was the only price guide change, and indications as low as $200 FOB for ruminant MBM have not been confirmed by volume. Bloodmeal held steady to higher.
Lower MBM prices reduce the cost of this protein ingredient in feed rations, which pressures the MBM price outlook for feed buyers. The moves are routine post-holiday adjustments with no new supply or demand shock.
thejacobsen.comAlexandra WattsDec 1, 2023Not 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.
