International Animal Proteins 12.10.2023

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International Animal Proteins 12.10.2023

Alexandra Watts | 10.12.2023

The international protein market was steady to softer this week with only modest range adjustments. Prices were slightly lower into Indonesia with a high of UR$625/mt and $25 lower into China. Poultry by-product pet grade into Southeast Asia was steady at US$1015-1030/mt.

Trading out of Australia was steady to lower with bloodmeal and feathermeal flat and meat and bonemeal (50 pro) down with a new range of $810-860/mt. Kills were lower from last week but are expected to push higher heading into Oct/Nov...

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Farm Bill Expiration Threatens Organic Funding

Farm Bill Expiration Threatens Organic Funding

With the 2018 Farm Bill expiring on September 30, there is concern...

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Fallout from The Green Rush Ongoing

Fallout from The Green Rush Ongoing

The hemp industry is still wading through a collective backlog of litigation...

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EIA Forecast Shows Possible 1.4 Billion RIN Surplus for 2023

EIA Forecast Shows Possible 1.4 Billion RIN Surplus for 2023

The RFS renewable volume obligations (RVOs) issued by the EPA provide percentage standards that are applied to a forecast...

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Margin Compression Driving Lower Fat Prices

Margin Compression Driving Lower Fat Prices

There was trading done at sharply lower levels again today with UCO below 50 cts/lb on an FOB basis...

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Porcine BM Higher in IA/MO/NE and IN

Porcine BM Higher in IA/MO/NE and IN

For Wednesday, values on porcine bloodmeal were reported higher on IA/MO/NE, with a new range of $950-1025/st and Indiana,...

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Soybean Harvest Progress Soars 20 Percent WOW

Soybean Harvest Progress Soars 20 Percent WOW

Sources reported quiet trading for wheat midds, indicating steady levels. However, market participants reported trades for DDGS...

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Strong August Furniture Sales Despite Bearish Chinese & US Housing Markets

Strong August Furniture Sales Despite Bearish Chinese & US Housing Markets

Midweek hide trading was active for steer and cow hides.
Automotive tanners showed demand for Heavy Native Steers...

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Crude Corn Oil Cash Market Extends Slide

Crude Corn Oil Cash Market Extends Slide

Crude corn oil price indications in the Midwest cash market dropped this week. Assessments rolled back to the upper...

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