Animal protein prices are a downward slide around much of the globe this week as increasing production is meeting weaker demand. Prices into the China market slipped below the $500 CIF level this past week and trading into Indonesia was done lower, $390 – 430 CIF.
Despite lower slaughter numbers in the Australian market, MBM prices fell to a range of A$500 – 550 for domestic and export trading. Bloodmeal, feathers and poultry meal were quiet, but a negative sentiment across much of the market adds risk for lower prices come July. New Zealand has seen increased production mix with the weaker demand and cheaper US pricing to drive prices down this week.
Pure beef packer MBM has fallen to a high of $242.50/MT FOB plant this week with the bulk of action seen in the…
11.25.2024
Glycerin prices mostly stable even amid tightening kosher supplies
Glycerin prices were mostly stable on Monday November 25, with one source saying “market prices seem to be holding for now.”
Kosher glycerin supplies are “getting tighter,” according...
11.25.2024
Packer BFT, CWG trade higher; hog slaughter down week on week
Prices for packer-grade bleachable fancy tallow (BFT) moved higher on Monday November 25, in an otherwise quiet trade day ahead of the Thanksgiving holiday.
Five cars of packer BFT traded...
11.25.2024
Cattle slaughter six-week average projection down for holiday season
Trading was generally quiet in the US animal protein market on Monday November 25, though price ranges adjusted slightly in typical pre-holiday fashion.
Price pressure on ruminant meat...