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….
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...