Trading out of the Australian market was unchanged this week. Supply remains tight, with production continuing to run at a reduced pace. Cattle slaughter was estimated by the MLA at 105,794, down 28 percent from year-prior levels. JBS Dinmore appears to be poised to restart production in the near term, albeit sans a night shift. Restocking after years of intense, cattle slaughter looks to keep production in the Australian market tight.
EU Cat 3 and edible prices were relatively steady week on week, with the only changes seen in the pure beef tallow market, up €5. UCO prices slipped under pressure from lower UCOME prices and reports of strong stocks in storage, mostly from shipments out of China. Bids above $805 ARA have met resistance with bids indicated in the $780 CIF…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...