Meat and bone meal trading into China was down US$10 CIF from last week’s report. Trading into Indonesia was higher, topping out at US$560 CIF. Strong demand and the higher priced soybean meal market have contributed to the move higher. Trading into Malaysia, Taiwan and Vietnam was higher as well, US$550 – 560 CIF.
Australian MBM prices moved higher on tight production and continued, strong demand for exports. The MLA estimated cattle slaughter at just over 99,000 head last week. Production is expected to continue to decline heading into the holiday break. Pet grade poultry by product meal remains in good demand from Asia and export values are up, reported at A$1170 – 1200 DCT. Feather meal remains in very good demand as well with prices moving higher.
There were big jumps in the US feather meal market this week too, with…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...