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…