International animal fats and oils, June 13, 2024

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International animal fats and oils, June 13, 2024

Alexandra Watts | 06.13.2024

Slow biodiesel sales and weak feedstock demand continued to put downward pressure on European animal fats and used cooking oil (UCO), with prices falling by around €10-30 per tonne week on week; rumors about an import tax increase for Chinese UCO in the US and potentially in Europe also contributed to the downtrend.

Some volumes of Category 3 edible lard were heard trading around €930 per tonne ex-works France, with similar prices heard for max 5% free fatty acids (FFA) f...

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US wheat, soymeal export sales fall below USDA expectations

US wheat, soymeal export sales fall below USDA expectations

Chicago Mercantile Exchange grain prices shifted higher across the board on Thursday June 13.

The July soybean futures...

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Sellers reduce dairy cow hide prices due to hot temperatures

Sellers reduce dairy cow hide prices due to hot temperatures

Cow hide prices softened on Thursday June 13, driven by sellers need to move material before high temperatures in...

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Potential Brazilian tax policy change raises concern of impact on hide demand

Potential Brazilian tax policy change raises concern of impact on hide demand

Brazilian Congress discussed a potential tax policy change that may limit the ability of exporters and processors to monetize...

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Renewable diesel production growth causes market shifts: UDSA

Renewable diesel production growth causes market shifts: UDSA

Prompt basis levels on crude/de-gummed soybean oil in central Illinois and the US Gulf Coast continued to move upward...

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US animal protein exports in April fall month on month: USDA

US animal protein exports in April fall month on month: USDA

Animal protein trading into China and Vietnam was flat in the week ended Thursday June 13, with no price...

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Latest CPI shows inflation continues to cool

Latest CPI shows inflation continues to cool

The latest round of economic data from the

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s shows a further levelling off in...

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USDA forecasts growth in US biofuel industry’s demand for feedstock

USDA forecasts growth in US biofuel industry’s demand for feedstock

The USDA released the World Agricultural Supply and Demand Estimates (WASDE) on Wednesday June 12, showing that the biofuel...

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US DCO production declines week on week

US DCO production declines week on week

Choice white grease (CWG) prices increased further in the US on Wednesday June 12, with trading reported as high...

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