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…
04.19.2024
Reduced March RIN production not leading to higher RIN Prices
Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...
04.19.2024
CWG, YG higher on week, UCO, DCO down again
The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.
04.19.2024
Price pressure on ruminant and porcine items for the week
Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.
Wide ranges were witnessed on porcine bloodmeal (BM), with a...