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…
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...