Trading into Indonesia and China was US$10 higher on the top side of the range. Sellers moving product out of the New Zealand market have been able to leverage tighter supplies into higher prices. US origin material remains at the bottom end of the spread with sellers contending with heavy supply in the US interior.
Cattle slaughter slipped below 100,000 head last week, estimated at 97,793 by the MLA. Two major beef production plants have been idled, JBS Dinmore and Brooklyn. Poor economics and tight supplies of beef cattle have been offered as the reason for the shutdowns. Despite the tighter supply, prices remain steady. MBM was reported in a wide range, $380 – 450 with mixed species material trading as low as A$320.
MBM prices were up out of the New Zealand market, driven by the aforementioned demand coming from the APAC market. Ovine meal prices were higher as well with sellers balancing tighter supplies with improving demand….
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...