Animal Fats – International

Animal Fats – International

Fat trading was quiet in the Australian domestic market and for export this week. September tenders are underway, which tends to lead to a quiet month’s end. Indications for September are higher with additional demand seen from the renewable fuel sector at a premium to the current market. Supplies remain tight with slaughter 29 percent below year ago levels. The MLA reported cattle slaughter in the Eastern States at 106,674 head last week. At least two JBS facilities remain closed and reports are mixed on if and when the plants will restart. A lack of Jobkeeper payments (payments from the AUS government to assist with COVID related interruptions), whilst other packing facilities have received payments, is partly to blame for the prolonged closure. JBS Dinmore, one of the facilities idled, is the largest beef production facility in the southern hemisphere and represents more than 10 percent of the national AUS beef slaughter capacity. The slower production numbers combined with the…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

11.13.2024

Neste, Air Canada sign SAF agreement for Vancouver

Neste, Air Canada sign SAF agreement for Vancouver

Finnish transport fuel producer Neste and Air Canada have signed an agreement for the delivery of approximately 20 million gallons of sustainable aviation fuel (SAF) for use by the...

11.13.2024

CWG prices up slightly; DCO movements mixed

CWG prices up slightly; DCO movements mixed

The US animal fats and oils markets remained mostly stable to slightly higher on Wednesday November 13, with a modest increase in trading, though many participants continued to exercise...

11.13.2024

2024/25 grain consuming animal unit headcounts increase by 0.39%

2024/25 grain consuming animal unit headcounts increase by 0.39%

Meat and bonemeal, porcine and ruminant, Missouri River were lower on Wednesday November 13. Market sources told Fastmarkets that there are varied poultry and layer feed demand levels, with...

Latest Tweets