Animal Fats – International

Animal Fats – International

Tallow prices are unchanged out of the Australian and New Zealand markets. Trading has been quiet with limited supply and buyers kicking tires on their next position. Slaughter for last week was estimated by the MLA at 117,516 head, down 4 percent from the week prior and 20 percent compared to last year. Slaughter in Australia has been well under the 2018 and 2019 levels over the last five weeks. The JBS Brooklyn plant in Victoria remains idled due to COVID-19 cases at the facility and another two meat processors in Victoriahave been idled as well. Both palm and soybean oil prices have rallied over the last few weeks. Higher vegetable oil prices and supply reductions make it reasonable to expect higher prices in the near term.

The local US market has been steady to slightly higher this week. Some additional biodiesel interest stepping into the market has driven some of the lower priced animal fats higher. Choice…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Request a Free 7-Day Trial


    Please enter the level or reporting you're most interest in.
  • Hidden

    Please select the area in which you are most interested in our reporting.
    Please select all areas of secondary interest to you.

  • Must be no less than 8 characters. Including 1 number, 1 capital letter and 1 special character.
  • Hidden

*all fields required

More from the author

11.20.2020

Tallow Prices Steady Heading Into Holiday Break

11.04.2020

DCO Prices Steady, Production Increases

10.23.2020

BFT Continues to Defy Past Seasonal Trends

Blog

06.04.2021

What’s Ahead in the FOG Markets?

What’s Ahead in the FOG Markets?

Rising Tide – What’s Ahead in the FOG Markets Ryan Standard, Fastmarkets / The Jacobsen The following video is a capture from The Jacobsen Fuels & Feedstocks Virtual Conference...

05.20.2021

April Renewable Fuel Consumption Slows

April Renewable Fuel Consumption Slows

The Environmental Protection Agency (EPA) reported 1.42 billion gallons of renewable fuel was consumed during April, a four percent decline from March but 55 percent above April 2020. Renewable...

05.20.2021

The Future of Cannabinoid Hemp Markets

The Future of Cannabinoid Hemp Markets

What is the future scope and scale of cannabinoid hemp markets?  Discussions of supply and demand for cannabinoid hemp products gravitate towards comparing an existing company’s sales volume and the...

Latest Tweets

We're less than 16 days away from our Jacobsen Fuels & Feedstock conference. ... https://events.fastmarkets.com/event/f3df1451-f1c1-497d-8818-6be13ef527cc/websitePage:c527be9c-af69-48d1-a107-b3eab50abd0a?utm_campaign=oilseeds&utm_medium=social&utm_source=twitter #renewables #feedstocks #biofuels

We are excited to announce that we have acquired @thejake1865, expanding and strengthening our agriculture business and bringing new insights and capabilities to our customers. ... Learn more: http://spr.ly/6019HddQb

#FastmarketsAgriculture #agriculture #acquisition

Load More...