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…
05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...