Meat and bone meal prices into Indonesia are higher this week on big demand and higher soybean meal prices. Buyers paid a premium for material with a shorter shipment time in order to guarantee pre-Ramadan arrival. Trading into China was steady this week in a range of US$690 – 710 CIF, trading into Malaysia, Taiwan and Vietnam was indicated around the US$680 CIF mark.
Australian MBM prices were lower for domestic trade, topping out at A$850. Supply remains an issue on the Australian market with flooding shutting down shipping lanes into the abattoirs. New Zealand prices are higher on big demand from the Indonesian market, topping out at NZ$890 for 50 pro bovine MBM.
The local US market continues to trade higher on most products. Favorable prices relative to nearby soybean meal and phosphate shortages have been the big driver of the market over the last month. Porcine MBM has had the biggest swing higher, trading for as much as $550/mt…
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...