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Fastmarkets assessed bovine meat and bone meal export prices to China and Indonesia steady week on week at $470-480 per tonne. Australian cattle product prices were reported weaker at the start of May on higher cattle production and softer demand.
Steady MBM prices with weaker Australian supply-side pressure suggest limited near-term upward pressure on protein meal costs for feed buyers. Weaker Australian cattle product prices point to ample availability in export markets.
thejacobsen.comAlexandra WattsMay 2, 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.
