Tight supplies are keeping the MBM values into China and Indonesia steady despite lower priced soybean meal. An overall tightness in feed ingredients, including DDGS are contributing to the higher prices relative to soybean meal in the animal protein market.
Protein values out of the New Zealand and Australian markets were steady this week. Production in the Australian market was up this week with cattle slaughter estimated at just under 130,000 head which is 51 percent higher than last year and 18 percent over the week prior. Production in New Zealand is expected to ramp up over the next few weeks as their…
11.18.2024
EIA reduces US biomass-based diesel consumption forecast for 2024, 2025
The US Energy Information Administration’s (EIA) monthly Short-Term Energy Outlook (STEO) released on Wednesday November 13, reduced its 2024 and 2025 forecasts for the consumption biomass-based diesel (BBD). The...
11.18.2024
UCO prices rise to start week; December cattle slaughter expected to decline
Used cooking oil (UCO) prices edged higher in the US Gulf Coast on Monday November 18, amid an otherwise quiet start to the week...
11.18.2024
Missouri River, Texas Panhandle ruminant bloodmeal prices higher on active demand
US animal proteins were steady to higher on Monday November 18.
Bloodmeal demand was indicated as active by market sources, although some buyer hesitancy was reported. Ruminant bloodmeal...