Trading out of the Australian and New Zealand markets was sideways this week with no changes reported. Sources indicated that there may be more demand issues forthcoming from the Asian renewables market, but thus far there has been no impact on price. The appetite for tallow out of the North American market remains strong and with new demand expected in the fourth quarter of 2023 and the first quarter of 2024, sellers have a lot of options, especially with the North American West Coast coming more into play. Cattle slaughter remains high in Australia with the MLA estimating national slaughter last week at 126,585 head, just off of the multi-year high seen two weeks ago at 127,337 head.
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10.18.2024
RIN prices fall week on week despite lower reported US biodiesel output
Prices for renewable identification numbers (RINs) fell week on week on Friday October 18 despite lower production reported for September, and US biofuels markets remain in limbo over awaited...
10.18.2024
US DCO prices decrease amid quiet trade week
US animal fats and oils markets ended the week stable to slightly lower on Friday October 18, following a quiet week of trading as many participants attended the American...
10.18.2024
Lackluster trade volume keeps weekly US animal proteins prices mostly steady
US animal proteins prices were steady to slightly lower for the week to Friday October 18 on limited trade volume.
Several market participants told Fastmarkets it was a...