Bovine meat and bone meal (MBM) trading was lower into Indonesia. Buyers continue to see plentiful offers out of the US at the lower end of the range and sellers outside of the US aren’t seeing quick ship premiums. Most of the demand out of the market is for post-Ramadan arrival with pre-holiday needs well covered.
Australian meat and bone meal prices were lower for export and domestic trading. Lower prices into the importing countries has pressured the local market, despite tight production. Slaughter was again estimated below 100,000 head last week. Flooding has forced the closure of JBS Dinmore and the long holiday weekend is expected to further tighten production….
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...