Most values were flat for Thursday, though there have been accounts of wider ranges on meat and bonemeal. Some participants indicated tighter inventory on ruminant meat and bonemeal due to lower slaughter levels the past several weeks, as well as accounts of slightly improved exports. However, others are still communicating excess from lower interest.
November Feathermeal and Meatmeal Exports
Feathermeal (FM) has witnessed year-on-year rises in values for the first ten months of 2023. Inedible meatmeal (IE MM), however, has ebbed and flowed throughout the year. June showed the lowest volume since May of 2020, while September/October moved higher. This is due to a variety of challenges: lower slaughter levels on cattle, stronger USD relative to other countries, export challenges and diminished demand into Vietnam and Indonesia, higher freight costs, and global unease.
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12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...