Tallow prices in the Australian market are steady this week, supported by demand from the renewable diesel sector. The MLA estimated cattle slaughter for the Eastern States at 129,475 had last week. Cattle slaughter continues to run well below last year’s levels, this is especially true for the female slaughter. Prices in New Zealand are steady week on week, with supply and demand well-balanced at the moment.
Fat prices in the US have moved lower in the US domestic market this week. Sellers are seeing increased production and have had to cut prices to keep it moving. Cattle and hog slaughter are slowly returning to more normal levels, but spotty absenteeism at plants are creating uncertainty as to supply. Sellers may be hedging conservatively on their forward sales volume, which is leading to some unexpected spot availability in the nearby market.
Technical and edible tallow are…
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...