Tallow prices are higher out of New Zealand and Australia. Tight supplies and strong demand from China, Singapore and North America are driving the price increases. Both markets are up US$100 from last week’s report. Flooding has shut down JBS Dinmore, which has a capacity of 3,400 head per day. Negative packer margins, tight cattle supply and expected maintenance times are expected to keep production tight through April, further adding price support to the tallow market.
EU Cat 3 and edible prices continue to trade higher on tight supplies. UCO prices are unchanged from last week and demand remains strong from the renewable sector.
Bleachable fancy tallow (BFT) max 4% ffa traded lower in the domestic US market, down $44/MT from the last traded level. An additional 800 MT is offered at…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...