Prices for MBM into Indonesia and China eased this week, with the topside falling to $520 CIF in both markets. Values into Indonesia were reported $490 – 520 over the last week with values starting to consolidate towards the lower end of the range. Buyers are seeing plenty of offers from sellers and have been able to leverage the lower soybean meal prices into lower MBM values.
Trading out of the Australian market was firm with the exception…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...