Beef production in Australia was above 140,000 head last week, driven by strong retail demand for beef. The higher slaughter is keeping the market well supplied with material for the nearby window. Tallow export prices are off US$15 from last week. New Zealand prices moved higher with production there off an estimated 30 – 50 percent. Historically, production would be steady to slightly lower heading into the winter season before downtimes kicked in.
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11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...