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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12.26.2024
East Coast renewable diesel supplies likely to decline: EIA
Renewable diesel supplies on the US East Coast could be cut in half starting in January as the Clean Fuel Production Credit (CFPC) replaces the expiring Blender’s Tax Credit,...
12.26.2024
US animal fats and oils markets mostly stable, with movement only in CWG
The US animal fats and oils markets were largely steady on Thursday December 26 amid limited trade activity due to the Christmas holiday.
The only notable activity observed...
12.26.2024
Avian flu spikes in poultry, cattle sector at end of 2024
US animal protein prices were steady on Thursday December 26, with limited volumes reported to have been traded.
US avian flu update
Year-to-date US poultry headcounts affected by...