Please Note – The Jacobsen will not publish an International Animal Fats Bulletin on Thursday 24 December. We will publish a price guide only version on 31 December before returning to our normal publication schedule on 7 January 2021.
Tallow prices are up US$10 from last week for export out of the Australian market. Favorable pricing to palm and limited supplies are helping to push the market higher. Cattle slaughter was estimated at 112,229 by the MLA for last week, down 32 percent from year prior levels. Production is expected to grind to a halt over the next few weeks and favorable pasturing weather may slow the return to the abattoirs in January. Sellers moving product out of New Zealand are seeing strong demand from China. The Chinese demand combined with tight supplies has also helped to push prices higher out of the NZ market.
Used cooking oil prices are trading sharply higher into the UK and EU. Container shortages…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...