Please Note – The Jacobsen will not publish an International Animal Proteins Bulletin on Thursday 24 December. We will publish a price guide only version on 31 December before returning to our normal publication schedule on 7 January 2021.
Difficulty in getting material delivered to the feed mills has driven the market in Indonesia to a high of US$700 CIF this week. Sellers moving material from nearby markets are capturing a big premium versus US sellers, who are contending with similar shipping issues, i.e. container shortages and congested ports. Offers are out as high as US$735 into Indonesia, at present levels buyers are reformulating.
The Australian market was quiet this week with steady trading reported. Holiday production interruptions are expected to keep supply very tight heading into 2021 and favorable pasturing conditions could delay the production increases in January. Sellers in New Zealand are benefitting from a favorable shipping…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...