The international protein market was steady to softer this week with only modest range adjustments. Prices were slightly lower into Indonesia with a high of UR$625/mt and $25 lower into China. Poultry by-product pet grade into Southeast Asia was steady at US$1015-1030/mt.
Trading out of Australia was steady to lower with bloodmeal and feathermeal flat and meat and bonemeal (50 pro) down with a new range of $810-860/mt. Kills were lower from last week but are expected to push higher heading into Oct/Nov on a combination of good cattle availability and a drier than average summer forecasts expected. The MLA estimated national Australian slaughter last week at 111,125 head, 33.64 percent above last year for the respective time. Year-to-date AU slaughter is at 4.447 million head, 26.2 percent, or 930,468 head, above 2022 for the respective time.
New Zealand values were flat again this week with participants reporting within the previously set ranges.
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09.19.2024
SAF roadmap, collaborations announced at Bali International Airshow
At the event, coordinating minister for maritime affairs and investment Luhut Binsar Pandjaitan said he would call on Indonesian state-owned oil and gas company Pertamina to collaborate with airlines...
09.19.2024
US Gulf UCO prices edge higher; feedstock costs, REG Geismar fire create uncertainty, sources say
The US animal fats and oils markets — apart from used cooking oil (UCO) — were stable on Thursday September 19, with attention shifting toward broader macroeconomic trends.
09.19.2024
Animal protein prices steady; August cattle, hog slaughter down
US animal proteins were rangebound on Thursday September 19.
August commercial cattle, hog slaughter
Commercial cattle slaughter for August was at 2.66 million head, based on the USDA’s...