Rel Hunt, Animal By-Products Report
Wednesday, November 16, 2011
General tone of the market is weak with Soymeal values steadily falling as the US crop has been harvested( 80% complete). Animal proteins such as Meat and Bone Meal and Feathermeal are falling in price and the seasonal aspect in Australia has seen producers increasing the kill to turn more head into cash before Christmas. European debt issues aren't helping matters perhaps the New Year could see the bottoming of the market???