Tallow prices are steady out of the Australian and New Zealand markets. Buyers in the renewable markets are pushing for lower prices basis the sinking palm and soybean oil markets, but well sold positions, tight supplies, and demand from China have all kept the market steady. Cattle slaughter was again lower in Australia, estimated at 100,208 head by the MLA.
Animal fat prices in the domestic US market traded higher this week. Bleachable fancy tallow (4% ffa max) traded up $10/MT at $695/MT through the Chicago market. Steady interest is present from the chemical buyers at these prices. Tech tallow last traded at $805/MT with offers out and unsold at $815/MT earlier in the week. Feed fat demand has been strong in the US interior, but feed buyers may start to push back at current levels to corn. Choice white grease (max 4% ffa hog fat) is trading at an average of $606/MT FOB…
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...