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…
04.18.2024
Total RFS blending falls in March, domestic biodiesel blending increases
The Environmental Protection Agency (EPA) reported 1.66 billion gallons of renewable fuel blended within the nation’s transportation fuel pool during March. Blending was six percent below February and...
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EU UCO premium to US continues to grow
The US animal fats and oils market was mostly quiet on Thursday April 18, with a handful of price changes reported. Choice white grease (CWG) into the Missouri River...
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Ruminant meat and bonemeal price pressure in most regions
Price pressure was reported on several regions for meat and bone meal, ruminant and porcine items. Market sources said buyer pushback and light demand, with exception to the pet...