04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
Meat and bone meal prices are higher into China with trading reported in a range of $600 – 610 CIF. Trading into Indonesia was done in a wide range, $550 – 600 CIF this week. Offers were out as high as $610 CIF Jakarta. Trading into Malaysia, Taiwan and Vietnam was steady at $590 – 600. Buyers remain active despite the lower prices for soybean meal at the Chicago Board of Trade.
Tight supplies in Australia have boosted prices for both export and domestic MBM. The MLA reported cattle slaughter at 93,387 head for the Eastern States last week. Sources continue to suggest that increases in production are a long way off with great pasturing conditions further contributing to…