Meat and bone meal traded at lower prices into China and Indonesia this week. Lower priced offers out of the US into Indonesia and COVID disruptions around Asia have contributed to the move lower. Sellers are offering material as high as $560 CIF Jakarta, but those offers remain untraded.
The COVID disruptions and lower prices into Southeast Asia have contributed to lower prices in the Australian market for MBM despite tighter supplies of bovine material. Slaughter remains well behind 2018 – 2019 levels. The MLA estimated last week’s slaughter at 90,631 head. Aquaculture demand continues to support the poultry protein markets and there were no changes reported this week. Prices would likely move higher if sellers had more spot material to trade.
04.30.2024
Biofuel feedstock demand rises while capacity declines: EIA
EIA Biofuels Capacity and Feedstock Update
The Energy Information Administration’s (EIA) Monthly Biofuels Capacity and Feedstocks Update, released on Tuesday April 30, showed that operable US biofuel capacity declined...
04.30.2024
Chicago edible tallow trades lower
The edible tallow price fell to 52 cents per lb Chicago basis on the afternoon of Tuesday April 30. Tallow trading was quiet outside of the edible tallow market.
04.30.2024
April animal protein values mixed month on month
US animal proteins prices were mostly steady on Tuesday April 30. Limited trade was again reported, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, held...