Slower demand and cheaper soybean meal prices have pressured the meat and bone meal markets lower into China and Indonesia this week. Trading into the broader southeast Asian market was indicated lower as well, $450 – 460 CIF Malaysia, Vietnam and Taiwan.
Australian and New Zealand MBM prices are lower this week, driven by lower prices into the importing countries and improved production. Cattle slaughter is up in both countries, up 2 percent in Australia relative to the week prior. The MLA reported Eastern State slaughter at 125,720 head. The additional supply has pushed bloodmeal prices lower in both countries as well.
US export prices are mostly steady, but feathermeal values are…
05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...