Meat and bone meal prices into the China were steady this week. Most sellers reported a quiet market due to the Golden Week celebrations. Trading into Indonesia was up $10 CIF on the topside, but the bottom end of the range remains in place. US sellers have found strong resistance in their push to move prices higher ex-US.
Meat and bone meal prices moved higher into and out of Australia. A surging soybean meal market and tighter production have pushed values as high as A$710, but the bulk of trading this week was in the $600 – 680 MT range for export and $580 – 640 for domestic. The strong export demand continues to move the New Zealand market higher, trading was done at higher levels for 45 and 50 pro MBM…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...