The weakness in the Indonesian market persisted with lower prices reported again this week. Trading was done $430 – 450 CIF. Heavy inventories, soybean meal in the mid-$300’s, lower bird numbers and a influx of material rejected from Vietnam have all been blamed for the lower prices. Some buyers have suggested that their October positions are done and their next buying position is for November. Trading out of China was lower as well, but not nearly…
11.25.2024
Glycerin prices mostly stable even amid tightening kosher supplies
Glycerin prices were mostly stable on Monday November 25, with one source saying “market prices seem to be holding for now.”
Kosher glycerin supplies are “getting tighter,” according...
11.25.2024
Packer BFT, CWG trade higher; hog slaughter down week on week
Prices for packer-grade bleachable fancy tallow (BFT) moved higher on Monday November 25, in an otherwise quiet trade day ahead of the Thanksgiving holiday.
Five cars of packer BFT traded...
11.25.2024
Cattle slaughter six-week average projection down for holiday season
Trading was generally quiet in the US animal protein market on Monday November 25, though price ranges adjusted slightly in typical pre-holiday fashion.
Price pressure on ruminant meat...