Tallow prices in Australia moved lower this week. Weaker demand coming from Singapore and cheaper palm prices are weighing on the market. Cattle slaughter was estimated at 125,720 head last week by the MLA, down 19 percent relative to last year and up 2 percent from last week. Female slaughter has dropped significantly relative to last year, down 19 – 27 percent. Trading out of the New Zealand market was lower as well as sellers contend with the palm market and buyers in China pushing for lower numbers.
EU prices for Cat 3 and edible products fell this week as palm and weaker demand are driving prices lower.
Tallow in the US market continues to diverge with technical and edible trading at $970/MT Chicago yesterday and BFT 4% ffa max offered and unsold at $660/MT. Increased hog and cattle slaughter is pressuring the overall fat market, but trim based…
05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...