Meat and bone meal trading into China and Indonesia was steady. There was some volume suggested as high as $520 CIF Indonesia this week. Sellers with short shipping times have been able to capture a big premium over the US market, which is trading at the lower end of the range. Trading into Taiwan, Malaysia, and Vietnam was done as high as $550 CIF for bovine material. US exporters are seeing good porcine MBM demand from Vietnam as well and there are reports of good volume shipping in October.
Tight slaughter and strong export demand continue to push Australian meat and bone meal prices higher. Export trading was reported as high as A$720 DCT and domestic trading topped out at A$690. Cattle slaughter was estimated at 88,758 head for last week by the MLA. The sub 90,000 head total is the lowest non-holiday production week since xx of xx. Higher soybean meal prices…
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...