Meat and bone meal (MBM) prices into Indonesia were down $10 from last week’s high of $650 CIF. Lower soybean meal (SBM) prices and reports of strong inventory levels ahead of the Ramadan downtime have contributed to the downturn in the Indonesian market. The lower Indonesia prices are reflected in the New Zealand export values, prices were off by NZ$30 from last week. Australian MBM export prices were lower as well, down A$15. Australian prices were lower despite continued supply tightness. Eastern state cattle slaughter was reported at 98,769 head for last week by the MLA. Plentiful rain is helping to keep cattle on pastures and out of the abattoirs as restocking continues.
Ruminant MBM…
04.29.2024
Strong domestic biodiesel margins support rising crude glycerin inventory
Crude glycerin prices are holding steady to slightly lower in the week to Monday April 29, with improved biodiesel margins helping to keep the supply of glycerin strong.
04.29.2024
Gulf tallow prices higher; optimism builds for higher demand for June
Tallow traded higher into the US Gulf market on Monday April 29, up to 41 cents per lb delivered. Outside of the Gulf market, trading was quiet with sources...
04.29.2024
Animal protein prices steady at start of the week
US animal proteins were steady on Monday April 29. Limited trade was reported, with multiple market participants are expected to attend the Petfood Forum in Kansas City, Missouri, this...