Bovine meat and bone meal (MBM) prices were lower into China and Indonesia this week. Competition amongst sellers and perhaps some post-holiday sluggishness have led to the decline.
MBM prices were lower for export out of Australia and New Zealand this week, pressured by the price drop in the importing markets. Strong production in Australia has contributed to the negative pressure in the market as well.
The MLA estimated Australia’s weekly cattle slaughter at 116,179 head, marking a 2.59 percent positive year-on-year change, with year-to-date figure now at 960,282 head.
US prices have been largely range bound this week with few changes reported. Soybean meal posted back to back gains on the CME today and prices for March are higher, which is giving sellers optimism when looking ahead to April.
US Protein Exports
…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...