Trading was higher on ruminant meat and bone meal out of the Dallas/Houston market and lower, on the bottom side of the Pacific Northwest. Trading elsewhere was very quiet to wrap up the first week of the month.
The USDA released January export figures today. Inedible meat meal exports of 80,068 MT were up slightly from January 2020 and down 19 percent from December. Feathermeal exports of 6,669 MT were down 13 percent from December and down 6 percent from January 2020. Mexico was the largest importer of meat meal in January, taking in 23,991 MT. Shipping issues into Asia were not apparent in the export figures with Indonesia importing 18,165 MT and Vietnam importing 14,428 MT. China imported 11,186 MT of meat meal in January.
Indonesia was the largest buyer of feathermeal at 3,039 MT followed by Chile at 1,088 MT. Peru was the third largest buyer at 884 MT in January.
Table 1.
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04.19.2024
Reduced March RIN production not leading to higher RIN Prices
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CWG, YG higher on week, UCO, DCO down again
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Price pressure on ruminant and porcine items for the week
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Wide ranges were witnessed on porcine bloodmeal (BM), with a...