The Australian fat market continues to track palm prices lower with export values falling as much as US$22.50/MT compared to last week. Slaughter continues at a slow rate with last week’s estimates coming in 20% lower than last year at 112,529 head. The low numbers should fall even lower over the next two weeks with the Good Friday and Easter Monday holidays.
Trading out of the New Zealand market was steady this week. Sources reported waning…
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...