Ruminant MBM trading into China and Indonesia moved higher this week. Higher soybean meal prices and buyers getting ahead of potential supply disruptions are driving the surge in prices. Trading out of the New Zealand market was steady for MBM, Australian prices were mostly steady. Mixed species material in the Australian market was reported as low as A$625, export sales of pure beef were as high as A$740, but the bulk trading was consistent in the…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...