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Meat and bone meal prices into Asian markets were unchanged this week and mostly steady in the US and Australia. USDA export data showed September meat meal exports at 81,154 tonnes, down 5,979 tonnes from August, with Vietnam the largest buyer at 20,972 tonnes that month.
A month-on-month drop in US meat meal exports, with prices unchanged, signals softer export demand that could weigh on MBM values if it persists.
thejacobsen.comNov 7, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
