December soybean meal prices at the Chicago Mercantile Exchange are up $90/ST since August 28th. The increase of 30 percent over the last seven and a half weeks has primarily contributed to the higher prices of animal proteins worldwide.
Bovine meat and bone meal is up $20 CIF Indonesia and trading into China was steady at an average of $530. The neighboring markets continue to trade at $530 – 550 CIF.
The Australian market remains well supported by strong export demand. Values were up A$20 from last week on MBM for export and there is anticipation for higher prices to show up during the tender period next week. Feather meal trading was higher as well, again supported…
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...