Meat and bonemeal (MBM) prices into Indonesia are higher again this week on big pre and post-Ramadan demand. Prices indications into Indonesia are as high as $760 CIF. Trading into China was steady and indications into Malaysia, Taiwan and Vietnam were $650 – 660/mt CIF.
Australian MBM prices were reported in a wide range this week, $810 – 890 for both domestic and export. Supplies remain tight, but logistics issues may be creating some nearby buying opportunities at lower prices. Cattle slaughter remains low, affected by the flooding in Queensland and New South Wales. The MLA reported national cattle slaughter at 79,422 head last week, down 14.7 percent from the week prior and 23.3 percent from 2021 levels.
Prices in the US market continue to increase for ruminant and porcine MBM. Ruminant prices are up 39 percent over the last four weeks and porcine prices are up 22 percent. Despite the increases, both ruminant and porcine MBM are trading at a discount to soybean…
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...