Tallow prices are unchanged in and out of the Australian and New Zealand markets. Tighter supplies in the Australian market are offering price support for the near term and some short positions may develop with COVID cases starting to affect production plants. The JBS Brooklyn abattoir in Victoria is down this week as workers are being tested after cases were detected. Slaughter in Australia was estimated sharply lower for last week at just over 117,000 head. The beef market in Australia is very strong at the moment. Female slaughter rates down significantly from year ago levels and yearling steer prices are up as much as 78 percent in some markets.
The domestic US market has been fairly quiet this week with supply and demand seemingly balanced at the moment. There is an uptick in the availability of off spec…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...