MBM prices into Indonesia moved lower this week on pressure from cheaper soybean meal. Trading into China was sideways with last week’s report, but there are indications that weakness is beginning to build.
Trading out of the Australian market was relatively flat with last week. Bloodmeal prices did trade as high as A$1080 for export and domestic sales. Cattle slaughter was lower last week, estimated at just over 126,000 head by the MLA. Production was down 7 percent compared to the week prior and 12 percent relative to last year. Production in New Zealand is expected to ramp back up this week as lockdown restrictions have eased. Prices in the New Zealand market were sideways with last week’s report.
Trading in the domestic US market has moved sharply lower this week on increased production. Hog slaughter is up 23 percent relative to a week ago and sellers are having to buy their way back into formulations through lower…
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...