Global MBM Prices Continue to Trade Higher

Global MBM Prices Continue to Trade Higher

Meat and bone meal prices into the China were steady this week. Most sellers reported a quiet market due to the Golden Week celebrations. Trading into Indonesia was up $10 CIF on the topside, but the bottom end of the range remains in place. US sellers have found strong resistance in their push to move prices higher ex-US.

Meat and bone meal prices moved higher into and out of Australia. A surging soybean meal market and tighter production have pushed values as high as A$710, but the bulk of trading this week was in the $600 – 680 MT range for export and $580 – 640 for domestic. The strong export demand continues to move the New Zealand market higher, trading was done at higher levels for 45 and 50 pro MBM…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

11.13.2024

Neste, Air Canada sign SAF agreement for Vancouver

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

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%

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...

Latest Tweets