Tallow prices are steady for export and higher for domestic trading in the Australian market. Demand has been steady, and the tight supplies are generating positive price momentum for the November market. The MLA reported eastern state slaughter at 88,758 head last week, down 35 percent from year-ago levels. Trading out of New Zealand was steady on tight supplies, but buyers are pushing for lower prices. With palm stearin trading in the upper $700’s this week, four acid BFT at the US$ equivalent of $650 is a good value. There was a report of significant volume sold to China for November shipment.
Reports on UCO were quiet this week out of the European market. There were suggestions that prices may be under pressure due to COVID outbreaks and the impact on biodiesel demand. Cat 3 and edible fat prices traded higher this week, and there may be some supply concerns tied to rising COVID cases in parts of the UK and EU.
The local US market has been mostly steady,…
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...