Bovine meat and bone meal prices fell to an average of $575/MT CIF Indonesia this week. Slow demand tied to Ramadan and cheaper US material have contributed to the lower prices. Ahead of the Ramadan break buyers had been paying as high as $700 CIF for material shipping out of New Zealand, but with inventories in place the quick-ship premium has evaporated. Prices into China are steady and values into Malaysia, Vietnam and Taiwan are lower at $550 – 560 CIF.
The lower prices into Asia are pushing the Australian prices lower. Export prices for meat and bone meal were lower again this week despite the continued tight production. Cattle slaughter was reported by the MLA at 97,589 for last week, up from the late March and early April numbers, but still well below the prior three-year average.
Feathermeal prices, both export and domestic, are lower out of the US. Reformulations for April pushed more feathermeal into the…
12.26.2024
East Coast renewable diesel supplies likely to decline: EIA
Renewable diesel supplies on the US East Coast could be cut in half starting in January as the Clean Fuel Production Credit (CFPC) replaces the expiring Blender’s Tax Credit,...
12.26.2024
US animal fats and oils markets mostly stable, with movement only in CWG
The US animal fats and oils markets were largely steady on Thursday December 26 amid limited trade activity due to the Christmas holiday.
The only notable activity observed...
12.26.2024
Avian flu spikes in poultry, cattle sector at end of 2024
US animal protein prices were steady on Thursday December 26, with limited volumes reported to have been traded.
US avian flu update
Year-to-date US poultry headcounts affected by...