Bovine meat and bone meal (MBM) trading was lower into Indonesia. Buyers continue to see plentiful offers out of the US at the lower end of the range and sellers outside of the US aren’t seeing quick ship premiums. Most of the demand out of the market is for post-Ramadan arrival with pre-holiday needs well covered.
Australian meat and bone meal prices were lower for export and domestic trading. Lower prices into the importing countries has pressured the local market, despite tight production. Slaughter was again estimated below 100,000 head last week. Flooding has forced the closure of JBS Dinmore and the long holiday weekend is expected to further tighten production….
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...