01.21.2025
UCO, tallow prices continue to rise
Technical tallow traded higher on Tuesday January 21, up to 52 cents per lb Chicago, which closed the gap with edible tallow.
Bleachable fancy tallow (BFT) was quiet...
Meat and bone meal prices into Indonesia traded sharply higher this week, up to a high of $670 CIF. Demand remains very strong and sellers in the Eastern hemisphere are seeing CIF values in a range of $650 – 670. China remains well behind Indonesia in terms of price, delivered values are steady in the $520 – 530 CIF range. Trading into Malaysia, Taiwan and Vietnam was reported at $580 CIF.
Figure 1.
MBM prices CIF Indonesia are shown as a percentage of the nearby SBM market for the 2016 – 2018 average, 2019 and 2020 by month.
The Australian protein market is steady in terms of the AUD, with few changes reported. Prices are higher, however, in terms of US$ trades due to the Australian dollar gaining 3.7 percent on the US dollar through November. Blood meal prices in and out of Australia are higher as well, trading as high…