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…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
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CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
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October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...