Trading into Indonesia resumed this week with prices reported steady to slightly higher from the last traded level. Trading into China was higher with Australian origin material trading at a ceiling of US$450 CIF.
The Australian market was mostly unchanged this week with dynamics steady with the past few weeks. Slaughter remains tight with COVID restrictions and restocking limiting production. As COVID cases have increased in Victoria, shutdowns and a curfew have been extended to try to slow the outbreak. Cattle slaughter was estimated at just under 118,000 head last week, down 20 percent compared to year ago levels.
Trading in the US domestic market was marginally higher on MBM and feathermeal this week. The low prices have helped to attract increased export demand and the evacuation of some material has helped sellers leverage higher prices. Supply is expected to continue to be strong over the next six weeks, however, as…
11.13.2024
Neste, Air Canada sign SAF agreement for Vancouver
Finnish transport fuel producer Neste and Air Canada have signed an agreement for the delivery of approximately 20 million gallons of sustainable aviation fuel (SAF) for use by the...
11.13.2024
CWG prices up slightly; DCO movements mixed
The US animal fats and oils markets remained mostly stable to slightly higher on Wednesday November 13, with a modest increase in trading, though many participants continued to exercise...
11.13.2024
2024/25 grain consuming animal unit headcounts increase by 0.39%
Meat and bonemeal, porcine and ruminant, Missouri River were lower on Wednesday November 13. Market sources told Fastmarkets that there are varied poultry and layer feed demand levels, with...