Most values were flat for Thursday, though there have been accounts of wider ranges on meat and bonemeal. Some participants indicated tighter inventory on ruminant meat and bonemeal due to lower slaughter levels the past several weeks, as well as accounts of slightly improved exports. However, others are still communicating excess from lower interest.
November Feathermeal and Meatmeal Exports
Feathermeal (FM) has witnessed year-on-year rises in values for the first ten months of 2023. Inedible meatmeal (IE MM), however, has ebbed and flowed throughout the year. June showed the lowest volume since May of 2020, while September/October moved higher. This is due to a variety of challenges: lower slaughter levels on cattle, stronger USD relative to other countries, export challenges and diminished demand into Vietnam and Indonesia, higher freight costs, and global unease.
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05.13.2024
US glycerin prices mostly steady amid increasing biodiesel production
Glycerin prices in the US were steady to slightly lower on Monday May 13. US biodiesel production has been increasing, boosting the supply of glycerin — a co-product of...
05.13.2024
Weekly cattle slaughter forecast to remain below 2023 levels into June
US cattle slaughter
Fastmarkets research team forecast cattle slaughter at 630,000 head in the week to Saturday May 18, down by 1.61% compared with the same period in 2023.
05.13.2024
Six-week hog slaughter forecast to be flat or up from 2023
US hog slaughter
Fastmarkets research team forecast hog slaughter at 2.425 million head in the week to Saturday May 18, up by 0.75% from the same period in 2023.