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…
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...