Tallow prices in the Australian market are steady this week, supported by demand from the renewable diesel sector. The MLA estimated cattle slaughter for the Eastern States at 129,475 had last week. Cattle slaughter continues to run well below last year’s levels, this is especially true for the female slaughter. Prices in New Zealand are steady week on week, with supply and demand well-balanced at the moment.
Fat prices in the US have moved lower in the US domestic market this week. Sellers are seeing increased production and have had to cut prices to keep it moving. Cattle and hog slaughter are slowly returning to more normal levels, but spotty absenteeism at plants are creating uncertainty as to supply. Sellers may be hedging conservatively on their forward sales volume, which is leading to some unexpected spot availability in the nearby market.
Technical and edible tallow are…
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...