US animal protein prices mixed as holiday-driven ranges persist

key takeaways:

• Export demand remains strong for porcine and ruminant MBM despite underlying price pressure from lower poultry products.
• Bloodmeal prices are varying widely by location with some sources indicating a floor on declines has been reached.
• Limited inventory for feathermeal is reported in the Southeast while the Midwest region is seeing light demand.

Meat and bone meal trends in the US animal protein market

Meat and bone meal (MBM) prices for the day remained within previously set ranges, with light volume reported outside those ranges. While some market participants noted strong export demand for porcine and ruminant MBM, underlying price pressure from lower poultry-related products and declines in soybean meal have capped potential gains.

Fastmarkets’ daily price assessment of meat and bone meal, porcine, fob Missouri River was $265-315 per short ton. This narrowed upward from Monday’s price of $255-315 per ton. Prices as high as $350 per ton were reported but unconfirmed as of press time.

Fastmarkets’ daily price assessment of meat and bone meal, ruminant, fob Missouri River was $225-300 per short ton, flat from Monday’s price. Prices as high as $320 per ton were reported but unconfirmed as of press time.

Bloodmeal prices vary by location

Bloodmeal prices varied widely as demand levels continued to differ by location. Some sources indicated that a floor on bloodmeal declines has been reached. While others reported prices below published ranges.

Fastmarkets’ daily price assessment of bloodmeal, porcine, fob IA/MO/NE was $900-1,000 per short ton, flat from Monday’s price. Prices as low as $800 were reported but unconfirmed as of publication.

Fastmarkets’ daily price assessment of bloodmeal, ruminant, fob Missouri River was $900-965 per short ton. This narrowed downward from Monday’s price of $900-985 per ton. Prices above and below the range were reported in light volume.

Feathermeal and soybean meal impact US animal protein

Poultry-related products were rangebound for the day, though undertones of price support were noted. Wide ranges continued for poultry by-product meal, with trades reported both above and below published levels.

For feathermeal, limited inventory was reported by several sources in the Mid-South and Southeast regions. While the Midwest conveyed light demand.

Fastmarkets’ daily price assessment of feathermeal, fob US Delmarva Peninsula was $315-365 per short ton, up from Monday’s price of $300-350 per ton. Prices above and below the range were reported but in light volume.

Fastmarkets’ daily price assessment of feathermeal, fob US Carolinas was $320-375 per short ton, up from Monday’s price of $300-350 per ton. Prices above the range were reported but unconfirmed as of press time.

Fastmarkets’ daily price assessment of feathermeal, fob Alabama/Georgia was $290-350 per short ton, narrowing upward from Monday’s price of $280-350 per ton. Prices above the range were reported but were unconfirmed as of publication.

The Chicago Board of Trade (CBOT) soybean meal January front month settled at $301.30 per short ton, down from closing at $306.30 per ton on Monday.

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