Rel Hunt - Animal By-Products Report
Tuesday, May 15, 2012
Today markets took a breather after some big gains last few weeks on Soybeans. Soymeal pulled back 4% on Friday CBOT which decent correction trading just over USD400st for July/August.
MBM trading over USD700mt cnf SE Asia levels ex ANZ. USA MBM is blocked at least for a few weeks due to BSE scare but we hope this will be lifted within the next month so that regular trade can continue with prices trading at reasonable levels again.
ANZ moves into the winter hiatus time for production which usually means production falls around 40% and in some cases plants will close down to take on maintenance work with low stock availability.
Tallow prices are steady at around USD1000mt FOB levels.