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!

Request a Free 7-Day Trial


    Please enter the level or reporting you're most interest in.
  • Hidden

    Please select the area in which you are most interested in our reporting.
    Please select all areas of secondary interest to you.

  • Must be no less than 8 characters. Including 1 number, 1 capital letter and 1 special character.
  • Hidden

*all fields required

More from the author

11.20.2020

Tallow Prices Steady Heading Into Holiday Break

11.04.2020

DCO Prices Steady, Production Increases

10.23.2020

BFT Continues to Defy Past Seasonal Trends

Blog

06.04.2021

What’s Ahead in the FOG Markets?

What’s Ahead in the FOG Markets?

Rising Tide – What’s Ahead in the FOG Markets Ryan Standard, Fastmarkets / The Jacobsen The following video is a capture from The Jacobsen Fuels & Feedstocks Virtual Conference...

05.20.2021

April Renewable Fuel Consumption Slows

April Renewable Fuel Consumption Slows

The Environmental Protection Agency (EPA) reported 1.42 billion gallons of renewable fuel was consumed during April, a four percent decline from March but 55 percent above April 2020. Renewable...

05.20.2021

The Future of Cannabinoid Hemp Markets

The Future of Cannabinoid Hemp Markets

What is the future scope and scale of cannabinoid hemp markets?  Discussions of supply and demand for cannabinoid hemp products gravitate towards comparing an existing company’s sales volume and the...

Latest Tweets

We're less than 16 days away from our Jacobsen Fuels & Feedstock conference. ... https://events.fastmarkets.com/event/f3df1451-f1c1-497d-8818-6be13ef527cc/websitePage:c527be9c-af69-48d1-a107-b3eab50abd0a?utm_campaign=oilseeds&utm_medium=social&utm_source=twitter #renewables #feedstocks #biofuels

We are excited to announce that we have acquired @thejake1865, expanding and strengthening our agriculture business and bringing new insights and capabilities to our customers. ... Learn more: http://spr.ly/6019HddQb

#FastmarketsAgriculture #agriculture #acquisition

Load More...