04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
Please Note – The Jacobsen will not publish an International Animal Proteins Bulletin next week due to the Thanksgiving holiday. We will resume our regular publication schedule for the International Bulletins on 3 December.
Meat and bone meal (MBM) prices moved higher again this week, following the nearby soybean meal market higher. Tight supplies in some exporting countries and strong demand have pushed values into Indonesia as high as US$600 CIF and $570 into Vietnam, Taiwan, and Malaysia. Trading into China was steady this week.
Australian protein prices are steady this week, with most market reports steady or quiet. Demand for poultry proteins remains strong from both the pet and aquaculture industries. New Zealand MBM prices moved higher on strong demand from Indonesia. Both the Australian and New Zealand markets are headed for a period of very tight production in mid-December, which adds additional risk for higher prices…