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…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...