New Zealand and Australian tallow prices are unchanged from last week. Interest from China, Singapore and the US remains strong. Eastern state slaughter was reported at 67,164 head last week. The Easter holiday has contributed to the quiet market in terms of volume as well as the low production numbers. Weather has also contributed to tight production with rain limiting the number of cattle heading to the abattoirs. A number of slaughter facilities were closed for the Easter holiday weekend and some for the week leading up to the holiday as beef cattle supply continues to run very tight. The NLRS reported the first quarter cattle slaughter as the lowest in the last 20 years.
The local US market has been quiet coming off of the long holiday weekend. Volatility in the soybean oil market continues to inject uncertainty into the fats market. Direction on products has been mixed, distillers corn oil (DCO) prices are off as much as $100/MT FOB plant from last week’s report….
04.29.2024
Strong domestic biodiesel margins support rising crude glycerin inventory
Crude glycerin prices are holding steady to slightly lower in the week to Monday April 29, with improved biodiesel margins helping to keep the supply of glycerin strong.
04.29.2024
Gulf tallow prices higher; optimism builds for higher demand for June
Tallow traded higher into the US Gulf market on Monday April 29, up to 41 cents per lb delivered. Outside of the Gulf market, trading was quiet with sources...
04.29.2024
Animal protein prices steady at start of the week
US animal proteins were steady on Monday April 29. Limited trade was reported, with multiple market participants are expected to attend the Petfood Forum in Kansas City, Missouri, this...