Tallow prices in Australia moved lower this week. Weaker demand coming from Singapore and cheaper palm prices are weighing on the market. Cattle slaughter was estimated at 125,720 head last week by the MLA, down 19 percent relative to last year and up 2 percent from last week. Female slaughter has dropped significantly relative to last year, down 19 – 27 percent. Trading out of the New Zealand market was lower as well as sellers contend with the palm market and buyers in China pushing for lower numbers.
EU prices for Cat 3 and edible products fell this week as palm and weaker demand are driving prices lower.
Tallow in the US market continues to diverge with technical and edible trading at $970/MT Chicago yesterday and BFT 4% ffa max offered and unsold at $660/MT. Increased hog and cattle slaughter is pressuring the overall fat market, but trim based…
11.19.2024
Glycerin trades for 2025, lack of supply expected to support pricing: sources
Glycerin offers for the first quarter of 2025 have been feeling out the market over the past several weeks. A trader confirmed buying small quantities of 80% crude glycerin...
11.19.2024
US animal fats and oils markets steady; Gulf demand remains strong
The US animal fats and oils markets remained largely steady on Tuesday November 19, with limited trading activity and most market discussions centered around...
11.19.2024
Missouri River bloodmeal prices higher; Mid-South pet food-grade poultry by-product narrows
US animal protein prices were steady to higher on Tuesday November 19.
Fastmarkets assessed meat and bonemeal, ruminant, Missouri River at $250-320 per short ton, steady day on...