Trading out of the Australian market was quiet this week coming off of the ANZAC holiday. Sources commented that kills remain tight, both due to holiday slow/shutdowns and a steep reduction in stocks. YTD slaughter is off 8% compared to last year and down 25% compared to 2015. There was no firm news on domestic trades during the May tender period, but sources expect prices to drop by as much as AUS$100 next week.
News out of New Zealand was…
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...