So far it has been a relatively quiet week throughout the trade as some traders are in Thailand for the POV meeting.  There will be good demand coming for all proteins going into Indonesia as the feed compounders fatten up their pipelines ahead of Ramadan which begins May 26 and continues for a month.

MBM prices into Indo range from $490 to $510 CnF for material out of the EU and SAM.  While material out of North America is offered more in the $520 to $540 CnF Indo range.  In the US there is a very wide range in the FOB origin ruminant MBM prices from $286 to $320 pmt.  There are indications that some of the ruminant MBM in the US could fetch $340 FOB Origin for export material.  Certainly this may actually be the cause for the wide range in the US quoted markets.  Without export, I would guess the US ruminant MBM price to be on the lower end of the range.  Competing proteins are plentiful with Distillers Dried Grains still very abundant and well-priced for domestic and export market usage.

US feather meal is a funny market.  By that I mean prices are mostly steady, but word on the street is that material is trading well under the quoted prices.  It certainly isn’t going to blenders as it is said the blended proteins moving into the US poultry industry is slow.  The market price into Indo has seen some decline as seen in the price guide.

One thing coming out of the meeting in Thailand is the apparent growing demand for Pet Food Grade Poultry by Meal as one source who sells US animal proteins indicated everyone by their booth wanted a price on PFGPBM.  Current US prices FOB Origin range from $690 to $770 pmt.