Tallow prices are higher out of New Zealand and Australia. Tight supplies and strong demand from China, Singapore and North America are driving the price increases. Both markets are up US$100 from last week’s report. Flooding has shut down JBS Dinmore, which has a capacity of 3,400 head per day. Negative packer margins, tight cattle supply and expected maintenance times are expected to keep production tight through April, further adding price support to the tallow market.
EU Cat 3 and edible prices continue to trade higher on tight supplies. UCO prices are unchanged from last week and demand remains strong from the renewable sector.
Bleachable fancy tallow (BFT) max 4% ffa traded lower in the domestic US market, down $44/MT from the last traded level. An additional 800 MT is offered at…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...