Protein prices are steady to higher in the Australian market this week. Meat and bone meal prices are up $10 from the previous low, trading in a range of A$650 – 720. Strong petfood demand is driving the ovine price higher; trading was reported in a range of A$1100 -1200 this week, and pet grade poultry meal prices have benefitted from the seasonal increase in pet food demand, values are A$1200 – 1250.
Trading out of New Zealand was higher again, topping out at NZ$730 for 45 pro material and NZ$865 for 50 from MBM. Continued, robust demand from the Indonesian market is driving prices higher. There’s a wide spread for MBM into Indonesia, however, with sellers in New Zealand seeing a US$100 – 130 premium to what North American sellers have been able to get this week.
Seasonal pet food demand is benefitting the US domestic sellers as well, with prices up on chicken meal and pet food-grade poultry by-product meal this week. Pet grade PBM is trading above $800/MT FOB…
11.18.2024
EIA reduces US biomass-based diesel consumption forecast for 2024, 2025
The US Energy Information Administration’s (EIA) monthly Short-Term Energy Outlook (STEO) released on Wednesday November 13, reduced its 2024 and 2025 forecasts for the consumption biomass-based diesel (BBD). The...
11.18.2024
UCO prices rise to start week; December cattle slaughter expected to decline
Used cooking oil (UCO) prices edged higher in the US Gulf Coast on Monday November 18, amid an otherwise quiet start to the week...
11.18.2024
Missouri River, Texas Panhandle ruminant bloodmeal prices higher on active demand
US animal proteins were steady to higher on Monday November 18.
Bloodmeal demand was indicated as active by market sources, although some buyer hesitancy was reported. Ruminant bloodmeal...