Meat and bone meal traded at lower prices into China and Indonesia this week. Lower priced offers out of the US into Indonesia and COVID disruptions around Asia have contributed to the move lower. Sellers are offering material as high as $560 CIF Jakarta, but those offers remain untraded.
The COVID disruptions and lower prices into Southeast Asia have contributed to lower prices in the Australian market for MBM despite tighter supplies of bovine material. Slaughter remains well behind 2018 – 2019 levels. The MLA estimated last week’s slaughter at 90,631 head. Aquaculture demand continues to support the poultry protein markets and there were no changes reported this week. Prices would likely move higher if sellers had more spot material to trade.
04.18.2024
Total RFS blending falls in March, domestic biodiesel blending increases
The Environmental Protection Agency (EPA) reported 1.66 billion gallons of renewable fuel blended within the nation’s transportation fuel pool during March. Blending was six percent below February and...
04.18.2024
EU UCO premium to US continues to grow
The US animal fats and oils market was mostly quiet on Thursday April 18, with a handful of price changes reported. Choice white grease (CWG) into the Missouri River...
04.18.2024
Ruminant meat and bonemeal price pressure in most regions
Price pressure was reported on several regions for meat and bone meal, ruminant and porcine items. Market sources said buyer pushback and light demand, with exception to the pet...