Please Note – The Jacobsen will not publish an International Animal Fats Bulletin next week due to the Thanksgiving holiday. We will resume our regular publication schedule for the International Bulletins on 3 December.
Tallow prices out of Australia are unchanged this week, balanced between tight supplies and pressure for lower prices from buyers. Palm oil prices and lower production numbers support higher fat prices, but pressure from the buy side in China has kept the market anchored in place. Sales out of the New Zealand market were lower, pressured by the Chinese market, and, in turn, lower bids out of the renewable sector.
European UCO prices are lower as cheaper material coming in from Asia has pressured the interior price. Values are trading at a sub €700 level in some areas. Animal fat prices are steady to higher on higher palm and vegetable…
04.15.2024
Soybean oil stocks climb as soybean crush reaches record high
The National Oilseed Processors Association (NOPA) reported the March soybean crush at an all-time high of 196.406 million bushels. This was largest crush on record, outpacing by 0.55%,...
04.15.2024
Soybean oil market adds negative pressure to DCO market
Distiller’s corn oil (DCO) traded in a range of 45.5 - 46 cents lb delivered US Gulf today on what was otherwise a quiet trading day.
The lower...
04.15.2024
Hog slaughter forecast lower into May
Market sources reported no trades outside the previously set ranges for animal proteins in the US for Monday April 15.
For the week ending April 20, 2024, hog...