The international protein market was generally stagnant for the week. Prices were wider into Indonesia and China with new ranges of US$590-620/mt and US$595-$610/mt, respectively. Both Australia and New Zealand had indications of good export demand for meat and bonemeal for November and December shipments. Higher demand was communicated for Vietnam and Malaysia than China and Indonesia.
Australia and New Zealand values were flat for the week. MLA estimated national Australian slaughter last week at 122,744 head, 23.3 percent, or 23,186 head, above last year for the respective time even with a 6.7-percent drop from last week’s slaughter levels. Year-to-date AU slaughter was at 5.125 million head, 27.4 percent, or 1.102 million head, above 2022 for the respective time.
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11.11.2024
Falling biodiesel margins lead to expectations for higher RINs, lower feedstock cost
Biodiesel margins continued to fall during the week ending Friday November 8, with rising feedstock cost pushing the soybean oil/heating oil (BOHO) spread to its highest level in more...
11.11.2024
DCO starts the week higher; hog slaughter increases slightly
Distillers’ corn oil (DCO) traded higher out of the FOB Midwest markets on Monday November 11 in what was otherwise a quiet market to start the week.
A...
11.11.2024
US cattle slaughter continues to fall behind 2023 levels
Trading was quiet in the US animal protein market on Monday November 11, with no price changes reported.
Cattle slaughter
Fastmarkets’ research team forecasts cattle slaughter at 625,000...