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…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...