Tallow prices were lower out of the Australian market despite continued, tight production. Cattle slaughter was estimated at 103,067 by the MLA for last week, down 31 percent from year ago levels. Trading into most of Asia was quiet with buyers in China out for the Golden Week celebration. Renewable fuel demand remains active and sources have reported premiums over the traditional demand sectors. Buyers in the renewable sector have become more aggressive with direct sourcing of material and are paying a premium to buy into local markets.
EU trading was lower on mixed fats and higher on bone fat and pure beef tallow. UCO out of China was quiet due to holiday downtime. Sources have suggested that buyers may be reaching a bit more to ensure coverage in the fourth quarter. Concerns over the resurgence of COVID cases is driving the additional demand.
The US…
11.25.2024
Glycerin prices mostly stable even amid tightening kosher supplies
Glycerin prices were mostly stable on Monday November 25, with one source saying “market prices seem to be holding for now.”
Kosher glycerin supplies are “getting tighter,” according...
11.25.2024
Packer BFT, CWG trade higher; hog slaughter down week on week
Prices for packer-grade bleachable fancy tallow (BFT) moved higher on Monday November 25, in an otherwise quiet trade day ahead of the Thanksgiving holiday.
Five cars of packer BFT traded...
11.25.2024
Cattle slaughter six-week average projection down for holiday season
Trading was generally quiet in the US animal protein market on Monday November 25, though price ranges adjusted slightly in typical pre-holiday fashion.
Price pressure on ruminant meat...