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…
11.13.2024
Neste, Air Canada sign SAF agreement for Vancouver
Finnish transport fuel producer Neste and Air Canada have signed an agreement for the delivery of approximately 20 million gallons of sustainable aviation fuel (SAF) for use by the...
11.13.2024
CWG prices up slightly; DCO movements mixed
The US animal fats and oils markets remained mostly stable to slightly higher on Wednesday November 13, with a modest increase in trading, though many participants continued to exercise...
11.13.2024
2024/25 grain consuming animal unit headcounts increase by 0.39%
Meat and bonemeal, porcine and ruminant, Missouri River were lower on Wednesday November 13. Market sources told Fastmarkets that there are varied poultry and layer feed demand levels, with...