A strong soybean meal market and tighter production continue to support the meat and bone meal (MBM) markets worldwide. Prices into Indonesia and China were unchanged from last week’s report and trading into the neighboring markets, i.e., Malaysia, Vietnam, and Taiwan, were was higher at $540 – 560 CIF.
Australian MBM prices, both domestic and export, moved higher, topping out at AUS$700 (US$505/MT). Cattle slaughter continues to run well under 2019 levels, with the MLA estimating last week’s Eastern State slaughter at 116,813 head, down 24 percent from year-prior levels. The tighter production has helped boost bloodmeal prices, and strong pet food demand has contributed to higher poultry meal values.
US export prices crept higher this week, driven by strong demand from several importing countries. The domestic market pattern has been similar, with higher prices trading in the ruminant MBM market and poultry meal and feather meal. Porcine MBM has started to top out…
02.21.2025
US animal fats and oils markets finish week strong; broader uncertainty persists
The US animal fats and oils markets ended Friday February 21 on a relatively quiet note, though broader market developments throughout the week have added ongoing uncertainty to the...
02.21.2025
Sausage casings bulletin, February 21, 2025
Runner market commentary
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02.21.2025
US weekly net soybean meal exports, sales retreat again
In the week to February 13, US net soybean meal and soybean cake sales and exports continued to decline but were above most analysts' estimates, data released by the...