Meat and bone meal prices into China traded in a wider range this week, US$595 – 625 CIF. Values into Indonesia remain unchanged. Buyers are pushing for lower prices and given the decreases in the US markets, values should come off, but shipping issues remain a big problem for all along the supply chain and are keeping prices relatively flat.
Australian and New Zealand trading was flat this week with no changes reported. Supply continues to be tight with cattle slaughter in Australia continuing below 100,000 head per week. The MLA estimated the Eastern States cattle slaughter at 96,215 head for last week, down 33.8 from 2019 levels.
The domestic US market is trading lower on steady supply and difficulty exporting material. Sellers continue to be beleaguered by a lack of shipping containers, labor shortages…
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
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