Tallow prices are steady out of the Australian and New Zealand markets. Buyers in the renewable markets are pushing for lower prices basis the sinking palm and soybean oil markets, but well sold positions, tight supplies, and demand from China have all kept the market steady. Cattle slaughter was again lower in Australia, estimated at 100,208 head by the MLA.
Animal fat prices in the domestic US market traded higher this week. Bleachable fancy tallow (4% ffa max) traded up $10/MT at $695/MT through the Chicago market. Steady interest is present from the chemical buyers at these prices. Tech tallow last traded at $805/MT with offers out and unsold at $815/MT earlier in the week. Feed fat demand has been strong in the US interior, but feed buyers may start to push back at current levels to corn. Choice white grease (max 4% ffa hog fat) is trading at an average of $606/MT FOB…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...