Trading into the Indonesia market was off sharply this week, reported in a range of $340 – 420, but with the bulk of action being in the $340 – 380 range. Values into China were much higher, $450 – 460 CIF. Sources in the ANZ markets have commented that they won’t compete with the low US prices moving forward and have started to target smaller markets where they have logistical advantages.
Protein values out of the Australian market are…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...