Trading out of the Australian market was steady this week with no changes reported. Cattle slaughter was lower, down 7 percent compared to the week prior and 12 percent relative to last year. Cattle slaughter in New Zealand is expected to pick up as lockdown restrictions have eased. The anticipation of increased supply and slower demand from Singapore and China has pressured prices lower.
The domestic US market is splitting into two separate sectors, tallow and everything else. Strong demand from the chemical industry and soap producers is keeping the market well supported. Technical tallow last traded at $942.50 MT Chicago and BFT is trading at $772 MT Chicago. Feed fats, i.e. yellow grease, choice white and poultry fat, are seeing pressure from increasing production meeting lower demand. High prices and uncertainty about access to processing pushed livestock feeders to lower fat inclusion in their diets. Slaughter has increased this…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...