Cattle slaughter remains well under 2019 levels in Australia. The MLA reported numbers at just under 121,400 head for last week. Winter slowdowns are expected to keep the slaughter numbers lower in the near term. Improved demand from the renewable sector has helped to push prices higher over the last week for both Australian and the New Zealand market. New Zealand production is expected to fall in the near term, but slaughter delays tied to COVID shutdowns have extended the season longer than in years past.
Strong production continues to keep a negative price tone in the domestic US fat market. Prices have been mostly unchanged this week with the exception of a few poultry fat markets falling $20 – 30/MT. Chicago packer grade bleachable fancy tallow (BFT) max 4% ffa traded as low as $463/MT Chicago yesterday, but an additional 1,225 MT were traded steady with previous levels at $485/MT Chicago. Chemical demand was lower in late May and into June and that mixed with the…
11.13.2024
Neste, Air Canada sign SAF agreement for Vancouver
Finnish transport fuel producer Neste and Air Canada have signed an agreement for the delivery of approximately 20 million gallons of sustainable aviation fuel (SAF) for use by the...
11.13.2024
CWG prices up slightly; DCO movements mixed
The US animal fats and oils markets remained mostly stable to slightly higher on Wednesday November 13, with a modest increase in trading, though many participants continued to exercise...
11.13.2024
2024/25 grain consuming animal unit headcounts increase by 0.39%
Meat and bonemeal, porcine and ruminant, Missouri River were lower on Wednesday November 13. Market sources told Fastmarkets that there are varied poultry and layer feed demand levels, with...