**Please note – Ryan Standard is out of the office this week, returning on Monday, August 2nd.**
Trading out of the Australian and New Zealand markets is higher on limited supply and strong demand from the renewable sector. The typical season tightness is exacerbated by the herd rebuilding current underway in Australia. The MLA estimated cattle slaughter at 93,480 head. Prices remain out of line with palm, but strong renewable demand and a move by some to limit palm derivative usage has boosted prices to new highs.
EU trading was lower on UCO…
05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...