Trading was flat in the international market this week with no changes reported. The trade dynamics remained the same from last week-weak demand in the international market for US based meat and bone, especially porcine, due to better prices from the Australian and New Zealand markets.
Porcine MBM, on an ex-plant basis, is currently trading at 120 percent of the price of nearby soybean meal and higher for plants closer to shipping ports. These values have led to reformulations and there is a negative tone building in the US market amid improved availability in the spot market and on the weaker exports. However, US sellers have been able to find non-Asia destinations for material and sources have reported that demand from Mexico remains strong.
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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...