*Please Note – Ryan Standard will be out of the office until July 10, 2023. Please contact Amanda Luhavalja at [email protected] in his absence.*
Markets in Australia and New Zealand were unmoved again this week. Production remains strong in the Australian tallow market due to robust slaughter levels. During the final week of June, the MLA estimated Australian cattle slaughter was 123,325 head, down just 0.5 percent from the previous week but up 25 percent on the year.
In the EU, trading was firm to higher this week following an ongoing bounce in soybean oil futures in the U.S. Prices in the EU had recently been under pressure, as imported volume of both biodiesel and used cooking oil weighed on the biofuels market, which, in turn, pressed on feedstock demand.
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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...