Export prices moved higher out of the Australian market despite the lower palm prices out of Malaysia. Prices in the AUS market are up due to a tighter, global tallow market. Domestic prices moved lower on lower demand. Slaughter in the Australian market was up last week, estimated at just under 130,000 head which is 51 percent higher than last year and 18 percent over the week prior. Stay-at-home orders are expected to ease in the near term.
Tallow prices out of New Zealand were unchanged on limited activity. Price indications were wide due to the cheaper palm and pressure from buyers in China for lower prices, but limited production. As New Zealand returns to a more normal pace cattle slaughter is expected to pick back up.
Trading in the local US market has been quiet and limited this week due to dramatic cuts in production. The spread of COVID-19…
11.18.2024
EIA reduces US biomass-based diesel consumption forecast for 2024, 2025
The US Energy Information Administration’s (EIA) monthly Short-Term Energy Outlook (STEO) released on Wednesday November 13, reduced its 2024 and 2025 forecasts for the consumption biomass-based diesel (BBD). The...
11.18.2024
UCO prices rise to start week; December cattle slaughter expected to decline
Used cooking oil (UCO) prices edged higher in the US Gulf Coast on Monday November 18, amid an otherwise quiet start to the week...
11.18.2024
Missouri River, Texas Panhandle ruminant bloodmeal prices higher on active demand
US animal proteins were steady to higher on Monday November 18.
Bloodmeal demand was indicated as active by market sources, although some buyer hesitancy was reported. Ruminant bloodmeal...