Slower production rates out of exporting countries are driving prices higher into Indonesia, China and the Southeast Asia market in general. Prices into Indonesia were up US$40 CIF this week and there are expectations for reformulations in the near term. Trading into China was as high as US$585 CIF, but again, there are expectations for reformulations due to high prices and reports of demand already starting to slow.
Australian trading was steady this week with no changes reported. Production remains tight with cattle slaughter down 13 percent compared to year ago levels. Lamb and sheep slaughter are down 20 percent compared to year ago levels and there is risk in the market for higher ovine meal prices in the near term.
Ovine meal out of New Zealand was us NZ$150 compared to the last traded level. Tight production and strong demand from the pet food sector have contributed to the rally. Limited production has also driven…
01.03.2025
Imports of biodiesel, renewable diesel continued to slow during October
US Energy Information Administration (EIA) data released on Tuesday December 31 showed biodiesel and renewable diesel (RD) import volumes declined during October 2024. Biodiesel imports had fallen during five...
01.03.2025
Renderer BFT prices climb; CWG closes week lower
The US animal fats and oils markets closed the week largely stable on Friday January 3, with the exception of the choice white grease (CWG) and tallow markets.
01.03.2025
US meat meal production in November down year on year: USDA
US animal proteins prices on Friday January 3 were steady day on day.
November animal by-product production, stocks
In November, US production of feathermeal (FM) increased month on...