Physical markets for palm oil and refined palm oil products stepped lower on Wednesday March 27, in line with a pullback in palm oil futures in Malaysia. US Gulf palm oil and palm olein assessments were down slightly, but still just near 53 cents per pound, holding near levels not seen in almost a year, since early May 2023.
In the US, palm oil prices have been competing for market share with cheaper animal fats, particularly amid buyers in the oleochemical and feed sectors. Since the end of 2023, the sustained lower price of tallow in relation to palm oil has resulted in some livestock reformulations in the US feed industry.
[Chart 1]
…
02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...