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Feather meal prices rose again on limited supply, with spot values lifted by higher bids for short covering. The Delmarva market averaged $437.50, about 99.8% of the March soybean meal price.
Meat and bone meal prices also moved higher for ruminant and porcine material as international interest grew.
Tight animal protein supply and shipping disruptions such as rail interruptions, container shortages and port congestion support higher protein byproduct prices, which compete with soybean meal in feed rations.
thejacobsen.comRyan StandardJan 6, 2021Not enough comparable past events yet for a historical read.
Not 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.
