Tallow prices traded higher within and out of the Australian market. Cattle slaughter continues at relatively tight levels. The MLA estimated last week’s slaughter at just under 112,000 head, down 23 percent from year-ago levels. Demand from Singapore and China have combined to drive prices higher out for Australian tallow and are adding risk for higher prices out of the New Zealand market. Production is expected to trend higher as spring takes hold in the Southern hemisphere and production picks up in October and November. Still, numbers will continue to run well behind 2018 – 2019 levels due to the restocking underway.
North American export prices remain flat, but interest is strong out of…
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...