International Animal Fats 5.10.23

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International Animal Fats 5.10.23

Alexandra Watts | 10.05.2023

Tallow and fat prices were higher out of the Australian and New Zealand markets to start the month. Prices have jumped on strong demand from the North American market, but the rally may short lived on some building fundamental pressure. Supply continues to be strong in the Australian market on a continued big cattle harvest in the country. The MLA estimated national slaughter for Australia at 124,875 head last week, up 87,075 last year. Sources have indicated that farmers have increased their pace of...

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Corn and Soybean Export Sales Surge, Wheat Tumbles WOW

Corn and Soybean Export Sales Surge, Wheat Tumbles WOW

CME grain prices witnessed an upward trend across the board on Thursday. December soymeal increased by $5.20 and closed...

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Shoe and Accessory Leather Tanners Active in Market

Shoe and Accessory Leather Tanners Active in Market

Most sellers reported little interest today to buy hides, but some big packers reported widespread interest in volume material....

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Low September Slaughter in Paraguay Drives Carcass Prices Up

Low September Slaughter in Paraguay Drives Carcass Prices Up

Argentina

October 5

Slaughter remains unchanged.
Good quality Buenos Aires wet salted heavy steer prices continue...

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Gulf SBO Basis Bounces Higher on Tight Supply

Gulf SBO Basis Bounces Higher on Tight Supply

Gulf Coast crude-degummed (CD) soybean oil cash basis moved higher this week. Offers bounced up from around 7 cents...

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International Animal Proteins 05.10.2023

International Animal Proteins 05.10.2023

The international protein market was steady to softer this week with only modest range adjustments. Prices were lower into...

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Military Contends with Emerging Cannabis Landscape

Military Contends with Emerging Cannabis Landscape

When the air force launched a new program in 2022 to show...

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2023 Biodiesel Imports are Double the 2022 Pace

2023 Biodiesel Imports are Double the 2022 Pace

Biomass-based diesel (BBD) monthly fell to a three-month low of 63.3 million gallons in July, according to Energy Information...

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Narrow Margins and Sinking ULSD Market Adds Negative Price Risk to Market

Narrow Margins and Sinking ULSD Market Adds Negative Price Risk to Market

Trading was very quiet today with only limited changes reported. Indications were given in a wide range on nearly...

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