MBM prices into Indonesia moved lower this week on pressure from cheaper soybean meal. Trading into China was sideways with last week’s report, but there are indications that weakness is beginning to build.
Trading out of the Australian market was relatively flat with last week. Bloodmeal prices did trade as high as A$1080 for export and domestic sales. Cattle slaughter was lower last week, estimated at just over 126,000 head by the MLA. Production was down 7 percent compared to the week prior and 12 percent relative to last year. Production in New Zealand is expected to ramp back up this week as lockdown restrictions have eased. Prices in the New Zealand market were sideways with last week’s report.
Trading in the domestic US market has moved sharply lower this week on increased production. Hog slaughter is up 23 percent relative to a week ago and sellers are having to buy their way back into formulations through lower…
04.18.2024
Total RFS blending falls in March, domestic biodiesel blending increases
The Environmental Protection Agency (EPA) reported 1.66 billion gallons of renewable fuel blended within the nation’s transportation fuel pool during March. Blending was six percent below February and...
04.18.2024
EU UCO premium to US continues to grow
The US animal fats and oils market was mostly quiet on Thursday April 18, with a handful of price changes reported. Choice white grease (CWG) into the Missouri River...
04.18.2024
Ruminant meat and bonemeal price pressure in most regions
Price pressure was reported on several regions for meat and bone meal, ruminant and porcine items. Market sources said buyer pushback and light demand, with exception to the pet...