Tallow prices moved higher in the Australian domestic market and for export this week. Concerns over future supply tied to potential COVID-19 interruptions and reports of short covering have contributed to the move higher. Slaughter was higher last week, up 4 percent from the week prior and down 17 percent compared to last year. Female slaughter continues to run well below year ago levels, ranging from 10 to 33 percent from state to state. Sources have reported trading into China at $775 CFR for 4% BFT. Trading out of New Zealand was steady to higher.
EU trading was steady for the lower grades, but higher on edible production. UCO trading moved higher as well, topping out at 815€ DDP into Western Europe.
The domestic US market has been fairly steady coming off of the long, holiday weekend. High temps, over 32.25 C across much of the country, are affecting ffa levels and pushing more off spec material into the…
12.31.2024
US consumed 5 billion gallons of RD, biodiesel in 2024: CFAA
The US is on track to consume more than five billion gallons of biodiesel and renewable diesel for the first time, the Clean Fuels Alliance America (CFAA) said in...
12.31.2024
Market activity remains muted amid New Year’s holiday
The US animal fats and oils markets were unchanged on Tuesday December 31, as market activity remained muted amid the New Year's holiday.
Prices for choice white grease...
12.31.2024
US weekly soybean, wheat, corn export inspections drop
Weekly export inspections
Export inspections of US grains showed a decline for corn, soybean and wheat in the week to December 26, according to data from the USDA released...