The ANZ markets were sleepy this week with no price changes reported. Slaughter remains tight with predictably low numbers coming off of the holiday weeks. Cattle kills for the weeks ending 12/30 and 1/6 were a combined 96,034 head. Sources in both markets are reporting strong demand from Singapore with pricing continuing to see support from the palm markets.
EU pricing was unchanged, but sources continue to report very strong demand for UCO. Cat…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...