Bovine meat and bone meal traded higher into China with prices reported in a range of $550 – 570. Post holiday buying and tight supplies of MBM have helped to boost prices. The pre-Ramadan buying has slowed into Indonesia and prices have consolidated into a tighter range, again. Values were indicated at $580 – 700 CIF with US prices towards the bottom end of the range and material out of New Zealand at the top.
Domestic and export prices out of Australia were unchanged. The risk for higher prices remains present in the market with production continuing to be very tight. Cattle slaughter was estimated by the MLA at 100,875 head last week. This is the first time slaughter has been over the 100,000 head mark this year.
Prices in the local US market continue to trend higher on tight supplies. Both ruminant and porcine MBM are trading at…
11.25.2024
Glycerin prices mostly stable even amid tightening kosher supplies
Glycerin prices were mostly stable on Monday November 25, with one source saying “market prices seem to be holding for now.”
Kosher glycerin supplies are “getting tighter,” according...
11.25.2024
Packer BFT, CWG trade higher; hog slaughter down week on week
Prices for packer-grade bleachable fancy tallow (BFT) moved higher on Monday November 25, in an otherwise quiet trade day ahead of the Thanksgiving holiday.
Five cars of packer BFT traded...
11.25.2024
Cattle slaughter six-week average projection down for holiday season
Trading was generally quiet in the US animal protein market on Monday November 25, though price ranges adjusted slightly in typical pre-holiday fashion.
Price pressure on ruminant meat...