Pricing was mixed on Tuesday with porcine and poultry bloodmeal moving higher, poultry-by-product items continued to note pressure, and meat and bonemeal products witnessed pushback at higher offer levels. This has been attributed to the already top-heavy markets and buyers extending themselves the previous few weeks over fears of higher prices, which has ledo limited availability. The spread of HPAI cases, and end of Q1 are also contributing to slower trading.
Fig. 1
Exports for inedible meatmeal (IE MM) for January 2022 totaled 84,458 MT, climbing 5.5 percent or 4,390 MT year-over-year but dropping slightly less than one percent from the month prior. Export numbers for IE MM for the first month of the year since 2019 has shown an incline with January…
11.29.2023
Preem to Convert Lysekil Refinery to Produce SAF, Renewable Diesel
Preem, Sweden’s largest fuel company with a refining capacity of over 4.7 billion gallons of crude annually, announced plans to convert its Lysekil refinery to produce sustainable aviation fuel...
11.29.2023
DCO Production Declines for 2nd Week in a Row
*Please Note - Ryan Standard will be out of the office for the remainder of the week. He will return on Monday, December 4, 2023. In his absence, please...
11.29.2023
Heavy Nearby Supply Pressures MBM Markets Lower
Trading was again fairly quiet today, but there continue to be reports of negative pressure on ruminant and porcine meat and bone meal (MBM) markets. Sources again stated that...