MBM prices into Indonesia were up sharply this week. Trading was reported in a range, $470 – 510 CIF with the lower end of the range being composed of US sales and the higher end coming from the ANZ market. Trading into China was higher as well, $490 – 500 CIF. Sources have commented that Argentine SBM is trading into the Indonesian market at $390 CIF, which has MBM well below the historical ratios at 125%. Demand looks to remains strong as…
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...