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….
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...