Tallow prices moved higher in the Australian domestic market and for export this week. Concerns over future supply tied to potential COVID-19 interruptions and reports of short covering have contributed to the move higher. Slaughter was higher last week, up 4 percent from the week prior and down 17 percent compared to last year. Female slaughter continues to run well below year ago levels, ranging from 10 to 33 percent from state to state. Sources have reported trading into China at $775 CFR for 4% BFT. Trading out of New Zealand was steady to higher.
EU trading was steady for the lower grades, but higher on edible production. UCO trading moved higher as well, topping out at 815€ DDP into Western Europe.
The domestic US market has been fairly steady coming off of the long, holiday weekend. High temps, over 32.25 C across much of the country, are affecting ffa levels and pushing more off spec material into the…
12.27.2024
US RD, SAF supplies remain strong despite declining import volumes
US supplies of sustainable aviation fuel (SAF) fell sharply in November but reached the highest November volume on record, according to data released on Thursday December 26 by the...
12.27.2024
Animal fats and oils end week steady amid holiday-limited trades
The US animal fats and oils markets held steady on Friday December 27, with limited trades persisting due to the holiday season.
Weekly averages were unchanged from the prior week...
12.27.2024
Relative prices of US meat and bonemeal rise amid depressed soybean meal market: 2024 recap
US animal protein prices were steady to lower on Friday December 27. Some participants reported distressed loads in the market late in the afternoon of Thursday December 26 and...