Trading was quiet out of the Australian and New Zealand markets this week with no changes reported. Sellers continue to eye the US market and potential growth in renewable diesel demand for the first quarter of 2024, but thus far trade has been limited.
Australian weekly cattle slaughter was reported at 128,454 head, down 4 percent from last week, while the figure marked a 22 percent positive year-on-year change, according to the National Slaughter report from the MLA. Year to date slaughter now stands at 5,391,155 head.
Market sources reported trades for Chinese used cooking oil (UCO) in the range of $850-860/mt CIF Amsterdam, Rotterdam, Antwerp (ARA), with more buying interest reported at $810-830/mt on the same basis.
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09.19.2024
SAF roadmap, collaborations announced at Bali International Airshow
At the event, coordinating minister for maritime affairs and investment Luhut Binsar Pandjaitan said he would call on Indonesian state-owned oil and gas company Pertamina to collaborate with airlines...
09.19.2024
US Gulf UCO prices edge higher; feedstock costs, REG Geismar fire create uncertainty, sources say
The US animal fats and oils markets — apart from used cooking oil (UCO) — were stable on Thursday September 19, with attention shifting toward broader macroeconomic trends.
09.19.2024
Animal protein prices steady; August cattle, hog slaughter down
US animal proteins were rangebound on Thursday September 19.
August commercial cattle, hog slaughter
Commercial cattle slaughter for August was at 2.66 million head, based on the USDA’s...