Australian fat prices were flat this week with no changes reported. Supply remains tight with cattle slaughter continuing well below the prior three-year average. The MLA reported last week’s slaughter just under 97,000 head which is 31 percent under 2020 levels. Tight supplies and higher palm prices helped push tallow prices higher out of the New Zealand market this week.
Cat 3 and edible prices are up €10 – 15 from last week on continued, tight supply. Used cooking oil (UCO) prices are up similarly. A trend of higher UCOME prices to start the year and limited collections have pushed prices to a high of $1040 CIF Rotterdam. As stated last week, prices into Rotterdam are expected to continue to move higher with US prices trading at $1060 into East Coast ports. South American indications have been closer to $1020 CIF Rotterdam.
Another wave of higher prices hit the US fats, oils and greases (FOG) market with choice white, yellow grease, distillers corn oil (DCO),…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...