New Zealand tallow trading was higher, moving up NZ$5 from last week’s high. The NZ$ has slipped against the US$ by 1.5% since the start of July, which has helped nudge the top end of the range. Trading out of the Australian market was sideways this week with not a lot of action reported. Australian slaughter remains steady at a time when numbers should be declining. Dry weather through much of June has pushed more cattle into the abattoirs and in turn,…
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...