Trading was quiet in the Australian market with November tenders underway. Price indications are steady heading into next week. There is some pressure from the renewable sector for lower prices out of both Australia and New Zealand, but with palm stearin trading at US$800 FOB Malaysia, buyers don’t have a lot of optionality. Additionally, cattle slaughter remains very tight in Australia. The MLA reported eastern state production at 109,406 head, which is down 29 percent from year-ago levels. The Jacobsen is forecasting continued, low slaughter numbers with restocking and herd rebuilding underway. COVID-19 looms over the market and adds risk for further production limitations, and holiday downtime is not far off.
The US market is steady to higher on bleachable fancy tallow (BFT). Chemical demand has supported the market, and 2020 may be a year where prices don’t see a seasonal downswing. The US’s overall lipid market appears tight, and buyers stepping away from steady to…
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...