Ruminant meat and bone meal traded at lower levels into the Indonesia market this week. Cheaper North American material is working its way into the Asian markets and driving CIF prices lower. Australian and New Zealand sellers have cut their prices to remain competitive. Prices out of and within the Australian market fell to a range of A$400 – 450 today. Cattle slaughter in Australia is continuing at reduced rates as seasonal rains are helping keep the livestock on pasture. There are reports of abattoirs running 3 day week and a spike in COVID cases in Victoria is likely to add continued, tightness to the production side.
Trading in the US domestic market continues to move…
11.14.2024
Cellulosic RINs fall 15% on EPA volume adjustment rule sent to OMB
Renewable identification number (RIN) credit prices fell sharply on Wednesday November 13 due to speculation that the Environmental Protection Agency (EPA) sent a volume adjustment notice to the US...
11.14.2024
DCO prices move lower as production levels hit record highs
Distiller’s corn oil (DCO) traded lower on Thursday November 14, in Manly, Iowa, and out of the FOB Wisconsin/Illinois regions amid declining prices in soybean oil futures.
Offers for DCO...
11.14.2024
Prices for US animal proteins steady; September dog and cat food exports down
Most prices for US animal proteins were steady on Thursday November 14, with light volume reported to Fastmarkets from market sources. Feathermeal price ranges narrowed higher in several regions...