Strong Inventories Drive Protein Prices Lower

Strong Inventories Drive Protein Prices Lower

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…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Request a Free 7-Day Trial


    Please enter the level or reporting you're most interest in.

    Please select the area in which you are most interested in our reporting.
    Please select all areas of secondary interest to you.

*all fields required

More from the author

11.20.2020

Tallow Prices Steady Heading Into Holiday Break

11.04.2020

DCO Prices Steady, Production Increases

10.23.2020

BFT Continues to Defy Past Seasonal Trends

Blog

05.04.2021

Fats, Oils, & Fuels Webinar 5/4/21: Customer Q&A

Fats, Oils, & Fuels Webinar 5/4/21: Customer Q&A

Video shorts from the Fats, Oils, & Fuels Webinar Report Our team of Senior Analysts break down questions from the live Webinar audience during the call on Tuesday, May...

05.04.2021

Soybean Oil Prices Set New Highs Despite Bearish Data

Soybean Oil Prices Set New Highs Despite Bearish Data

Vegetable oil futures were mixed on Tuesday as reports suggesting Indonesian palm oil production could rise by more than seven percent in 2021 weighed on palm oil prices. Meanwhile,...

04.29.2021

Profitability Continues to be a Moving Target for Hemp Operators

Profitability Continues to be a Moving Target for Hemp Operators

The economics of hemp production are a moving target at this stage of industry development.  A large part of this is due to the lack of historical hemp prices, and...

Latest Tweets

We are excited to announce that we have acquired @thejake1865, expanding and strengthening our agriculture business and bringing new insights and capabilities to our customers. ... Learn more: http://spr.ly/6019HddQb

#FastmarketsAgriculture #agriculture #acquisition

Join us at our first virtual Hemp Conference looking at Hemp Fiber, Flower and CBD - https://thejacobsen.com/events/hemp-conference #hemp #cbd #cbg #industrialhemp

Load More...