Negative sentiment continued to hang over the meat and bone meal (MBM) markets on Thursday December 12, although trading reports were limited throughout the day.
Much of the negativity has centered on the mixed species market, while a common statement from sellers in the pure beef MBM market has been, “I haven’t had to take those lower numbers.”
Trading was done into the Indonesian market at $440-450 per tonne CIF in the week to Thursday for ruminant MBM, which equates to roughly $400-408 per short ton.
At those prices, sellers in the US should start to see pressure on the upper end of the pure beef MBM market, sources said.
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