MBM values into Indonesia were lower this week, $440 – 445 CIF. The market dynamics remain the same as last, slow return from the holiday, big stockpiles and fewer day old chicks. Trading into China was lower as well, $450 – 460.
Values out of Australia were unchanged this week. Trading out of the NZ market moved NZ$10 lower on lower prices out of the major importing countries. Weaker bean meal prices have dampened bids as well.
US…
11.11.2024
Falling biodiesel margins lead to expectations for higher RINs, lower feedstock cost
Biodiesel margins continued to fall during the week ending Friday November 8, with rising feedstock cost pushing the soybean oil/heating oil (BOHO) spread to its highest level in more...
11.11.2024
DCO starts the week higher; hog slaughter increases slightly
Distillers’ corn oil (DCO) traded higher out of the FOB Midwest markets on Monday November 11 in what was otherwise a quiet market to start the week.
A...
11.11.2024
US cattle slaughter continues to fall behind 2023 levels
Trading was quiet in the US animal protein market on Monday November 11, with no price changes reported.
Cattle slaughter
Fastmarkets’ research team forecasts cattle slaughter at 625,000...