Ruminant MBM trading into Indonesia sank lower, $490 – 510 with sources suggesting that buyers are pushing for $480 and lower. Trading into China was reported $500 – 510. An influx of cheaper, EU material has pressured prices lower and sources have suggested that the market still has room on the downside. Any sales made for October arrival are likely going to be sub $490.
Trading out of the Australian market was quiet this week. September…
11.25.2024
Glycerin prices mostly stable even amid tightening kosher supplies
Glycerin prices were mostly stable on Monday November 25, with one source saying “market prices seem to be holding for now.”
Kosher glycerin supplies are “getting tighter,” according...
11.25.2024
Packer BFT, CWG trade higher; hog slaughter down week on week
Prices for packer-grade bleachable fancy tallow (BFT) moved higher on Monday November 25, in an otherwise quiet trade day ahead of the Thanksgiving holiday.
Five cars of packer BFT traded...
11.25.2024
Cattle slaughter six-week average projection down for holiday season
Trading was generally quiet in the US animal protein market on Monday November 25, though price ranges adjusted slightly in typical pre-holiday fashion.
Price pressure on ruminant meat...