Fat prices in Australia were steady this week with no changes reported. Sellers are pushing for higher prices basis tight production. Cattle slaughter remains low with the MLA estimating last week’s production down 27 percent from year prior levels. Renewable fuel buyers are pushing for lower prices basis the move lower in the vegetable oil markets last week, but thus far the market is at a stalemate. It’s reasonable to expect a quiet stretch in the near term with Golden Week underway in China.
Cat 3 and edible fat prices traded higher in the EU market. The stronger veg oil market in September combined with strong demand helped to boost prices. Weaker UCOME demand has pressured the EU UCO market lower, trading was indicated €770 – 790 DDP Northwest Europe and in the UK market. Gasoil futures are down 14 percent over the last two weeks,…
11.13.2024
Neste, Air Canada sign SAF agreement for Vancouver
Finnish transport fuel producer Neste and Air Canada have signed an agreement for the delivery of approximately 20 million gallons of sustainable aviation fuel (SAF) for use by the...
11.13.2024
CWG prices up slightly; DCO movements mixed
The US animal fats and oils markets remained mostly stable to slightly higher on Wednesday November 13, with a modest increase in trading, though many participants continued to exercise...
11.13.2024
2024/25 grain consuming animal unit headcounts increase by 0.39%
Meat and bonemeal, porcine and ruminant, Missouri River were lower on Wednesday November 13. Market sources told Fastmarkets that there are varied poultry and layer feed demand levels, with...