Bovine MBM prices traded higher in and out of Australia. Supply remains tight, with production continuing to run at a reduced pace. Cattle slaughter was estimated by the MLA at 105,794, down 28 percent from year-prior levels. JBS Dinmore appears to be poised to restart production in the near term, albeit sans a night shift. Restocking after years of intense cattle slaughter driven by significant beef demand and poor pasturing conditions is likely to keep production tight in the near term. COVID disruptions also pose a threat to output as the market moves into October. The market in New Zealand is similar to Australia; higher prices on tight supplies. In terms of US dollars, prices have moved even higher with the NZD up by 3 percent versus the greenback.
The domestic US market has been quiet coming off a long holiday weekend. Most sellers lined up two weeks’ worth of business last week and have focused on logistics and Q4 planning this week. The fundamentals suggest protein…
01.06.2025
SkyNRG Washington SAF plant to receive $1.5 million planning grant
The $1.5 million grant is intended for use in engineering, permitting and logistics studies towards the planning of the facility, which will produce 50 million gallons of SAF per...
01.06.2025
Animal fat prices in Gulf show upward pressure; weekly hog slaughter increases
The US animal fats and oils markets began the week of Monday January 6 on a relatively active note as trading gradually picks up following the holiday season.
01.06.2025
Potential January ILA port strike weighs on market sentiment
US animal proteins prices were steady day on day on Monday January 6 amid an impending port strike.
A January 15 deadline is set for the International Longshoremen’s...