Fat prices moved higher out of the Australia and New Zealand markets this week. Continued reductions in slaughter and additional demand from the renewable sector has contributed to the upswing. Cattle slaughter in Australia fell below 100,00 head for the Eastern States last week with numbers estimated at 97,793 head by the MLA. Two major processing plants, JBS Dinmore and Brooklyn have been idled. Sources have indicated tight cattle supplies have contributed to the downtime.
There was mixed direction on Cat 3 and edible trading this week with lard and edible tallow moving higher and pure beef tallow falling by €10. Sources have reported lackluster oleochemical demand for the nearby market, but biodiesel interest for the fourth quarter remains strong. UCO price are fairly steady for material ex-works Northwest Europe. Chinese origin material is up US$20 – 30 CIF ARA on continued, strong demand.
Trading in the domestic US market has been quiet for tallow, all…
11.13.2024
Neste, Air Canada sign SAF agreement for Vancouver
Finnish transport fuel producer Neste and Air Canada have signed an agreement for the delivery of approximately 20 million gallons of sustainable aviation fuel (SAF) for use by the...
11.13.2024
CWG prices up slightly; DCO movements mixed
The US animal fats and oils markets remained mostly stable to slightly higher on Wednesday November 13, with a modest increase in trading, though many participants continued to exercise...
11.13.2024
2024/25 grain consuming animal unit headcounts increase by 0.39%
Meat and bonemeal, porcine and ruminant, Missouri River were lower on Wednesday November 13. Market sources told Fastmarkets that there are varied poultry and layer feed demand levels, with...