Trading into China and Indonesia was higher today on limited supply out of the Australian and New Zealand markets (New Zealand for Indonesia) and continued increases in shipping costs. Sources indicated that strength in the soybean meal market has been supportive of higher prices into China and Indonesia as well. Buyers in China have been active to ensure coverage ahead of and through the New Year celebrations.
MBM prices for domestic and export sales were higher for Australia over the last two weeks. Tight supply continues to support the market and the expectation for holiday reductions is giving the market a boost ahead of the end of the year. The MLA estimated Eastern States slaughter for Australia at 88,895 head for last week. Ovine meal prices were sharply higher for both Australia and New Zealand. Demand for 2022 is very strong…
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...