Meat and bone meal interest levels were diminished in the Asian market again this week. Prices were flat for China but lower for Indonesia on accounts of full warehouses ahead of the Lunar New Year holiday. Australia and New Zealand domestic and export values were lower with an average of AU$750/mt and NZ$725/mt, individually.
The MLA reported cattle slaughter at 95,587 for last week, down from the week prior by 39.3 percent but 14.6 percent higher than 2023 levels. Slaughter in both New Zealand and Australia was slow through the end of December 2023 and into the middle of January on holiday downtime. However, year-to-date volume, at 353,659 head, are up from 2023 by 12.1 percent.
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04.30.2024
Biofuel feedstock demand rises while capacity declines: EIA
EIA Biofuels Capacity and Feedstock Update
The Energy Information Administration’s (EIA) Monthly Biofuels Capacity and Feedstocks Update, released on Tuesday April 30, showed that operable US biofuel capacity declined...
04.30.2024
Chicago edible tallow trades lower
The edible tallow price fell to 52 cents per lb Chicago basis on the afternoon of Tuesday April 30. Tallow trading was quiet outside of the edible tallow market.
04.30.2024
April animal protein values mixed month on month
US animal proteins prices were mostly steady on Tuesday April 30. Limited trade was again reported, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, held...