05.20.2024
Strong feed demand boosts choice white grease market
Choice white grease (CWG) prices rose on Monday May 20, supported by the market expectation of tighter supply heading into the long holiday weekend in the US and on...
Trading into Indonesia moved sharply higher this week, $475 – 500 for MBM. The higher prices can be explained by Econ 101, steady demand and less supply (by government fiat). Buyers are talking reformulations at these levels and given the availability of cheaper soybean meal from the North American harvest, that could be a quick reality. Trading in China was reported $480 – 490. Neighboring SEA markets are seeing cheaper material move in from the AUS…