Meat and bone meal trading into China and Indonesia was steady. There was some volume suggested as high as $520 CIF Indonesia this week. Sellers with short shipping times have been able to capture a big premium over the US market, which is trading at the lower end of the range. Trading into Taiwan, Malaysia, and Vietnam was done as high as $550 CIF for bovine material. US exporters are seeing good porcine MBM demand from Vietnam as well and there are reports of good volume shipping in October.
Tight slaughter and strong export demand continue to push Australian meat and bone meal prices higher. Export trading was reported as high as A$720 DCT and domestic trading topped out at A$690. Cattle slaughter was estimated at 88,758 head for last week by the MLA. The sub 90,000 head total is the lowest non-holiday production week since xx of xx. Higher soybean meal prices…
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...