Tallow prices are unchanged in and out of the Australian and New Zealand markets. Tighter supplies in the Australian market are offering price support for the near term and some short positions may develop with COVID cases starting to affect production plants. The JBS Brooklyn abattoir in Victoria is down this week as workers are being tested after cases were detected. Slaughter in Australia was estimated sharply lower for last week at just over 117,000 head. The beef market in Australia is very strong at the moment. Female slaughter rates down significantly from year ago levels and yearling steer prices are up as much as 78 percent in some markets.
The domestic US market has been fairly quiet this week with supply and demand seemingly balanced at the moment. There is an uptick in the availability of off spec…
01.29.2025
DCO prices strengthen as output, ethanol production decline on week
Prices for US animal fats and oils held steady to higher on Wednesday January 29, with much of the day's trade concentrated in the distiller’s corn oil (DCO) markets.
01.29.2025
Automotive leather sector wary of potential US tariffs on Chinese goods
For most US hide sellers, the market remained quiet on Wednesday January 29, as Chinese tanners were away for their Lunar New Year holiday. But some activity persisted, particularly...
01.28.2025
US animal fats and oils Gulf markets show continued price strength amid tight conditions
The US animal fats and oils markets were stable to higher on Tuesday January 28, supported by ongoing discussions of strong demand.
The Gulf Coast region has experienced...