In October 2026, five out of eight key pet food ingredient and packaging prices declined, with poultry fat, fish meal, and corn seeing the most significant drops. Feathermeal was the only major category to rise sharply, increasing by 16.0%, while kraftliner prices remained unchanged.
Poultry by-product meal prices edged up by 1.4%, maintaining firmness due to tight global fishmeal availability and strong aquaculture demand. In contrast, meat and bone meal prices fell by 3.5% as higher production and slower export demand weighed on the market.
Fish meal prices dropped by 11.0%, reflecting broader declines in animal protein markets. Bleachable fancy tallow and poultry fat prices also fell, by 4.6% and 11.8% respectively, amid weak demand and logistical constraints. Corn prices decreased by 9.0%, influenced by falling soymeal prices and technical support in futures markets.
Kraftliner prices held steady in October, following a $70 per ton increase in September. Market participants noted that North American linerboard prices remained stable despite integrated producers seeking a third box price increase this year.