Cattle slaughter in the Australian market continues to trend lower with seasonal shutdowns and a spike in COVID-19 cases in Victoria. Prices are unchanged this week, but there is risk for higher prices in the near term as continued, production slowdowns tighten up the tallow supply. Trading out of the New Zealand market was also unchanged.
EU fats were mostly unchanged this week, with the exception of UCO into Rotterdam. Offers are out at higher numbers ex-China, but thus far buyers have been unwilling to cross the spread to secure material. Estimates peg Chinese UCO collections at 70 percent capacity, while EU capacity is around 60 percent.
There has been a lot of down pressure in the US domestic fat market this week. Heavy production on poultry, cattle and…
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45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
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US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
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December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...