Animal Fats – International

Animal Fats – International

Australian and New Zealand tallow prices are higher this week on continued, tight supply. The Australian market has experienced a confluence of historic factors driving slaughter to very low numbers over the last several months. Starting with a mix of drought and strong beef demand from China due to African Swine Fever wiping out a big chunk of the Chinese hog herd, slaughter levels soared in 2019 and into 2020. Female slaughter levels were at multi-year highs and COVID interruptions and plentiful rainfall put the brakes on the production surge. With restocking in full swing, cattle slaughter has been at decades low numbers and this week a cyber-attack on JBS shut down production for Australia’s largest beef producer. It’s reasonable to expect that cattle slaughter will be well under 100,000 head for this week. The limited production is likely to create shorts in the market and buyers may be forced to pay up to cover. 

Trading for Cat 3 and edible fats is higher again…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

03.27.2024

Illinois Legislation Aims to Create a Clean Transportation Standard

Illinois Legislation Aims to Create a Clean Transportation Standard

Illinois is looking to become the fifth sate to create a clean fuel transportation standard. The Illinois version, if passed, may not be as robust as the ones...

03.27.2024

Sellers see steady to higher prices on interior market trades

Sellers see steady to higher prices on interior market trades

Distiller’s corn oil (DCO) traded higher into the Manly, IA market today, topping out at a high of 47.75 cents lb. Trading into the Gulf and on an FOB...

03.27.2024

Aprill broiler slaughter forecasted below 2023

Aprill broiler slaughter forecasted below 2023

The proximity of the extended Easter holiday weekend kept some participants off the market at mid-week, leaving values generally steady.

Poultry by-product pet grade was reported lower in...

Latest Tweets