PIpeline Building Boosts Protein Prices into Asia

PIpeline Building Boosts Protein Prices into Asia

The top end of the bovine MBM market moved higher into Indonesia, with trading as high as $745 CIF. Buyers continue to pay a premium for quick shipments or perhaps, guaranteed timelines, for material out New Zealand. North American material is trading a substantial discount, but prices continue to move higher due to favorable pricing.

Slower production in Australia has contributed to higher prices for animal proteins. Cattle slaughter was higher last week, but remains well below 2019 and 2020 levels. Favorable pasturing conditions and negative margins for cattle are likely to keep production slow to start the year. Additionally, cattle ranchers are at a stage where herd rebuilding is necessary after big beef demand and high feed prices pushed a big increase in the heifer numbers through the abattoirs.

The US domestic market continues to move higher, albeit at a slower pace. Soybean meal is dictating direction, but with prices falling over…

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03.27.2024

Illinois Legislation Aims to Create a Clean Transportation Standard

Illinois Legislation Aims to Create a Clean Transportation Standard

Illinois is looking to become the fifth sate to create a clean fuel transportation standard. The Illinois version, if passed, may not be as robust as the ones...

03.27.2024

Sellers see steady to higher prices on interior market trades

Sellers see steady to higher prices on interior market trades

Distiller’s corn oil (DCO) traded higher into the Manly, IA market today, topping out at a high of 47.75 cents lb. Trading into the Gulf and on an FOB...

03.27.2024

Aprill broiler slaughter forecasted below 2023

Aprill broiler slaughter forecasted below 2023

The proximity of the extended Easter holiday weekend kept some participants off the market at mid-week, leaving values generally steady.

Poultry by-product pet grade was reported lower in...

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