Trading was mostly steady in the Australian and New Zealand markets this week. Tight supplies continue to offer price support at higher levels. Increasing demand from the US market, both in terms of the quantity demanded as well as the number of companies demanding tallow, is also offering support for higher prices in the short term.
Energy prices continue to move higher in the European market and UCOME has not been exempt. The higher UCOME prices have contributed to higher UCO prices with trading DDP Northwest Europe indicated over €1200 (~$1400) this week. Cat 3 and edible prices have moved higher as well on tight supplies and support from higher priced palm.
The North American market has been very quiet this week with a number of market participants in Nashville, TN for the annual American Fats and Oils Association meeting.
US Fat Exports
Total fat exports for the month of August are estimated at 116,103 MT. Yellow grease…
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...