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…
05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...