The Australian and New Zealand markets were steady this week with no changes reported. Market dynamics remain similar, increasing production on higher cattle slaughter and strong demand from the Asian and North American markets. The MLA estimated Australian national cattle slaughter at 107,850 head last week, up from the week prior and nearly 18,000 head over the year prior levels.
Trading out of the European market was relatively flat on Cat 3 products. Cat 1 was indicated at €700. Used cooking oil prices were lower into the ARA market and flat on a DDP Western Europe basis.
The U.S. market has been relatively quiet this week, but…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...