Tallow prices are unchanged for Australian tallow. The domestic market is quiet with May tenders underway and the export market appears well balanced at the moment. Tight supplies are expected to continue in the near term. Cattle slaughter was estimated by the MLA at 104,271 head last week, up from the lows of late March and early April but still well behind the prior three-year average. Slaughter this week is likely to be lower with some downtime tied to the ANZAC holiday on April 25th. Prices out of New Zealand were higher for export. Strong demand from China and a tight Australian market have helped to boost prices despite a strong New Zealand dollar. The NZD is up 3.5 percent versus the US dollar over the last four weeks.
Strong demand from the biodiesel sector and higher biodiesel prices have helped to push fat and used cooking oil (UCO) values higher in the EU. FAME prices have been indicated in a range of $1425 – 1450/MT, UCOME nearing $1600/MT….
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...