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…
04.15.2024
Soybean oil stocks climb as soybean crush reaches record high
The National Oilseed Processors Association (NOPA) reported the March soybean crush at an all-time high of 196.406 million bushels. This was largest crush on record, outpacing by 0.55%,...
04.15.2024
Soybean oil market adds negative pressure to DCO market
Distiller’s corn oil (DCO) traded in a range of 45.5 - 46 cents lb delivered US Gulf today on what was otherwise a quiet trading day.
The lower...
04.15.2024
Hog slaughter forecast lower into May
Market sources reported no trades outside the previously set ranges for animal proteins in the US for Monday April 15.
For the week ending April 20, 2024, hog...