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…
04.29.2024
Strong domestic biodiesel margins support rising crude glycerin inventory
Crude glycerin prices are holding steady to slightly lower in the week to Monday April 29, with improved biodiesel margins helping to keep the supply of glycerin strong.
04.29.2024
Gulf tallow prices higher; optimism builds for higher demand for June
Tallow traded higher into the US Gulf market on Monday April 29, up to 41 cents per lb delivered. Outside of the Gulf market, trading was quiet with sources...
04.29.2024
Animal protein prices steady at start of the week
US animal proteins were steady on Monday April 29. Limited trade was reported, with multiple market participants are expected to attend the Petfood Forum in Kansas City, Missouri, this...