Prices were firm in the Australia and New Zealand market this week on continued strong demand from the renewable sector for export material. Domestic prices have been buoyed by the strong export demand, but there should be a better idea on market direction next week after June tenders have been settled. National cattle slaughter was again strong last week in Australia with the MLA estimating 119,551 for the week ending 19 May.
Trading in the UK and EU markets was lower for animal fats on well bought positions and weakness in the biofuel and veg oils markets. Imported volume of both biodiesel and UCO continue to weigh on the biofuels market, which is in turn weighing on feedstock demand.
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04.22.2024
Animal fats and oils commentary: CWG prices fall on pressure from DCO
Steady slaughter levels, lower prices into the US Gulf for all feedstocks and lower prices for distillers’ corn oil (DCO) in the Midwestern markets have all weighed on the...
04.22.2024
Cattle slaughter more in line with 2023 as May nears
US cattle slaughter
Fastmarkets research forecasts cattle slaughter at 625,000 head in the week to Saturday April 27, less than half a percent lower than the same period in...
04.22.2024
Central Illinois soybean crush margins hit 5-week high
DDG prices remained steady in all regions on Monday April 22. Market sources said demand remains flat, and reported steady values that align with current price ranges.