Tallow prices traded higher within and out of the Australian market. Cattle slaughter continues at relatively tight levels. The MLA estimated last week’s slaughter at just under 112,000 head, down 23 percent from year-ago levels. Demand from Singapore and China have combined to drive prices higher out for Australian tallow and are adding risk for higher prices out of the New Zealand market. Production is expected to trend higher as spring takes hold in the Southern hemisphere and production picks up in October and November. Still, numbers will continue to run well behind 2018 – 2019 levels due to the restocking underway.
North American export prices remain flat, but interest is strong out of…
02.25.2025
Prices for US animal fats and oils hold steady amid pressure from outside markets
The US animal fats and oils markets held steady on Tuesday February 25, with limited new trades reported throughout the day.
Following an active trading week last week,...
02.25.2025
US weekly soybean, wheat export inspections increase; corn drops
Export inspections of US grains showed a decline for corn, but an increase for soybean and wheat in the week to Thursday February 20, according to USDA data released...
02.25.2025
US hide export shipments fall below weekly, yearly levels
US hide trading was relatively slow, with a reported trade on heavy native steers (HNS) at steady levels and a slight dip for butt branded steers (BBS). Market participants...