Meat and bone meal prices into China are unchanged from last week. Prices into Indonesia have been unquoted due to the ban on MBM imports. Sources have reported mounting pressure from the feed industry in Indonesia to reopen trade in the near term.
Meat and bone meal in the Australian market moved lower, trading at $380 – 450 for domestic and export trades. Sources have reported mixed species material trading as low as A$320 DCT. Pressure for lower prices from the export market has pushed poultry meal values to a range of $1030 – 1050 DCT.
The domestic US protein market has been relatively steady this week. There is continued weakness in the pet grade poultry by product meal market, as well as chicken meal, due to slower, seasonal pet food demand. Meat and bone meal prices, both…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...