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Tight supplies and pre-holiday buying pushed animal protein prices higher, with trading into Southeast Asia rising as sellers moved material before the Lunar New Year. Australia and New Zealand expected seasonal production drops into 2022.
Meat and bone meal prices rose into Southeast Asia and domestically, and US delivered values were reported above US$2,200/MT.
Tighter meat and bone meal supply from Australia and New Zealand, plus strong pet food demand, supports higher protein meal prices for feed buyers into early 2022.
thejacobsen.comDec 9, 2021Not 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.
