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Feather meal prices rose again as a favorable price relative to soybean meal and tighter supplies supported the market. Ruminant meat and bone meal FOB Missouri River rose 14.5% in November from October, reaching its highest monthly average since 2014.
Rising MBM and feather meal prices raise the cost of protein inclusion for feed buyers, and their strength relative to soybean meal supports the broader protein complex.
thejacobsen.comRyan StandardDec 1, 2020Not 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.
