Ruminant MBM prices traded sharply higher into the Asia-Pacific (APAC) markets as well as within the Australian and New Zealand market. Tight production in Australia contributed to the recent rally, driving domestic bovine prices above A$600 this week. The MLA estimated last week’s slaughter at just under 112,000 head, down 23 percent from year-ago levels. Delivered values for bovine MBM into are as high as $535/MT, and Indonesia was indicated as high as $495 CIF for New Zealand origin material.
Domestic US MBM prices moved higher for porcine and ruminant MBM. Production is expected to tighten on the ruminant MBM market, and porcine values have increased despite heavier production coming through October. Prices are very well valued versus soybean meal, and sellers have been able to leverage the favorable relative prices to soybean meal and the low prices relative to the CIF APAC…
02.25.2025
Prices for US animal fats and oils hold steady amid pressure from outside markets
The US animal fats and oils markets held steady on Tuesday February 25, with limited new trades reported throughout the day.
Following an active trading week last week,...
02.25.2025
US weekly soybean, wheat export inspections increase; corn drops
Export inspections of US grains showed a decline for corn, but an increase for soybean and wheat in the week to Thursday February 20, according to USDA data released...
02.25.2025
US hide export shipments fall below weekly, yearly levels
US hide trading was relatively slow, with a reported trade on heavy native steers (HNS) at steady levels and a slight dip for butt branded steers (BBS). Market participants...