Meat and bone meal prices are higher into China with trading reported in a range of $600 – 610 CIF. Trading into Indonesia was done in a wide range, $550 – 600 CIF this week. Offers were out as high as $610 CIF Jakarta. Trading into Malaysia, Taiwan and Vietnam was steady at $590 – 600. Buyers remain active despite the lower prices for soybean meal at the Chicago Board of Trade.
Tight supplies in Australia have boosted prices for both export and domestic MBM. The MLA reported cattle slaughter at 93,387 head for the Eastern States last week. Sources continue to suggest that increases in production are a long way off with great pasturing conditions further contributing to…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...