European feeds-Soymeal eases after rally, tracks futures

Soymeal prices on Europe’s animal feed market edged lower, tracking soymeal futures in a further consolidation after a rally to multi-months highs earlier in the week. Brokers expected the market, mainly driven by weather elements, including dry weather in Argentina and in the US Midwest, to remain volatile in the coming weeks. Argentine high-protein soymeal for May delivery was offered at $493 a tonne cif Rotterdam, down $4, while Brazilian high-protein soymeal for May was offered at $504 a tonne cif Rotterdam, down $6.