Tight supplies are keeping the MBM values into China and Indonesia steady despite lower priced soybean meal. An overall tightness in feed ingredients, including DDGS are contributing to the higher prices relative to soybean meal in the animal protein market.
Protein values out of the New Zealand and Australian markets were steady this week. Production in the Australian market was up this week with cattle slaughter estimated at just under 130,000 head which is 51 percent higher than last year and 18 percent over the week prior. Production in New Zealand is expected to ramp up over the next few weeks as their…
04.29.2024
Strong domestic biodiesel margins support rising crude glycerin inventory
Crude glycerin prices are holding steady to slightly lower in the week to Monday April 29, with improved biodiesel margins helping to keep the supply of glycerin strong.
04.29.2024
Gulf tallow prices higher; optimism builds for higher demand for June
Tallow traded higher into the US Gulf market on Monday April 29, up to 41 cents per lb delivered. Outside of the Gulf market, trading was quiet with sources...
04.29.2024
Animal protein prices steady at start of the week
US animal proteins were steady on Monday April 29. Limited trade was reported, with multiple market participants are expected to attend the Petfood Forum in Kansas City, Missouri, this...