Bovine meat and bone meal prices continue to fall for material delivered into Indonesia. Trading was reported in a range of $540 – 580 this week. Strong inventories and Ramadan down time have contributed to the price drop. Sources expect prices to remain under pressure, but there is optimism amongst sellers that prices may rebound in mid-May after the holiday.
Australian exporters continue to drop prices in an effort to remain competitive. Prices for MBM were down to a range of A$650 – 690 for domestic and export sales. There is risk that prices for domestic material could trade lower once May tenders have settled. Cattle slaughter and MBM production remain tight, the MLA estimated last week’s cattle slaughter at 104,271 head.
MBM prices out of New Zealand were lower as well. Lower prices into the importing countries and a strong New Zealand dollar (NZD) versus the US dollar contributed to the downturn.
Sellers in the US domestic market are offering MBM at…
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...