Trading into Indonesia resumed this week with prices reported steady to slightly higher from the last traded level. Trading into China was higher with Australian origin material trading at a ceiling of US$450 CIF.
The Australian market was mostly unchanged this week with dynamics steady with the past few weeks. Slaughter remains tight with COVID restrictions and restocking limiting production. As COVID cases have increased in Victoria, shutdowns and a curfew have been extended to try to slow the outbreak. Cattle slaughter was estimated at just under 118,000 head last week, down 20 percent compared to year ago levels.
Trading in the US domestic market was marginally higher on MBM and feathermeal this week. The low prices have helped to attract increased export demand and the evacuation of some material has helped sellers leverage higher prices. Supply is expected to continue to be strong over the next six weeks, however, as…
01.02.2025
Biofuel producers use record levels of vegetable oils in October; capacity holds steady: EIA
US biodiesel and renewable diesel (RD) producers used a record 2.1 billion lb of vegetable oils in October as overall capacity remained unchanged.
US biomass-based diesel (BBD) capacity...
01.02.2025
US fat markets start year on active note; DCO, ethanol production up on week
The US animal fats and oils markets kicked off the new year with notable activity on Thursday January 2.
Most of the activity was yet again concentrated in...
01.02.2025
Brazilian tallow market remains quiet following New Year holiday
The price for bleachable fancy tallow (BFT) max 3.5% free fatty acids (FFA), CIF São Paulo, inclusive of 12% tax, was unchanged at 6.20-6.30 Reais ($1-1.02) per kg in...