Australian fat prices were flat this week with no changes reported. Supply remains tight with cattle slaughter continuing well below the prior three-year average. The MLA reported last week’s slaughter just under 97,000 head which is 31 percent under 2020 levels. Tight supplies and higher palm prices helped push tallow prices higher out of the New Zealand market this week.
Cat 3 and edible prices are up €10 – 15 from last week on continued, tight supply. Used cooking oil (UCO) prices are up similarly. A trend of higher UCOME prices to start the year and limited collections have pushed prices to a high of $1040 CIF Rotterdam. As stated last week, prices into Rotterdam are expected to continue to move higher with US prices trading at $1060 into East Coast ports. South American indications have been closer to $1020 CIF Rotterdam.
Another wave of higher prices hit the US fats, oils and greases (FOG) market with choice white, yellow grease, distillers corn oil (DCO),…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...