Animal protein prices are a downward slide around much of the globe this week as increasing production is meeting weaker demand. Prices into the China market slipped below the $500 CIF level this past week and trading into Indonesia was done lower, $390 – 430 CIF.
Despite lower slaughter numbers in the Australian market, MBM prices fell to a range of A$500 – 550 for domestic and export trading. Bloodmeal, feathers and poultry meal were quiet, but a negative sentiment across much of the market adds risk for lower prices come July. New Zealand has seen increased production mix with the weaker demand and cheaper US pricing to drive prices down this week.
Pure beef packer MBM has fallen to a high of $242.50/MT FOB plant this week with the bulk of action seen in the…
04.30.2024
Biofuel feedstock demand rises while capacity declines: EIA
EIA Biofuels Capacity and Feedstock Update
The Energy Information Administration’s (EIA) Monthly Biofuels Capacity and Feedstocks Update, released on Tuesday April 30, showed that operable US biofuel capacity declined...
04.30.2024
Chicago edible tallow trades lower
The edible tallow price fell to 52 cents per lb Chicago basis on the afternoon of Tuesday April 30. Tallow trading was quiet outside of the edible tallow market.
04.30.2024
April animal protein values mixed month on month
US animal proteins prices were mostly steady on Tuesday April 30. Limited trade was again reported, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, held...