Tallow trading out of the Australian market was higher this week on strong export demand from the renewables sector. Production remains tight with slaughter falling to an estimated 111,521 head last week. COVID interruptions have contributed to the lower numbers, but herd rebuilding is also contributing to the slowdown in production. Cattle slaughter had been at a dead sprint over the last year and big drops in female slaughter and high young cattle prices are all indications of a period of rebuild. Trading out of the New Zealand market was higher as well with strong demand from the renewable sector boosting values. Prices may start to hit a ceiling in the near term, despite the tight supplies, due to a widening spread to palm stearin. The near term outlook for palm oil is firm, but lower prices later in the third quarter may act as…
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...