23 May 2013 21:55 [Source: ICIS news]
MEDELLIN, Colombia (ICIS)--Cattle slaughter in April this year totaled 2.73m head, up 6% year over year, the US Department of Agriculture (USDA) said on Thursday in its monthly livestock slaughter report by the National Agricultural Statistics Service (NASS).
Beef production, at 2.13bn lbs, which was 7% above April 2012, the USDA said.
US tallow-based fatty acid producers typically use bleachable fancy tallow (BFT) as feedstock. BFT is primarily derived from the fat tissue of beef.
Fatty acid suppliers use a prior-month BFT feedstock average as a factor in the contracts.
BFT is priced has been hovering around 41.50 cents/lb ($915/tonne, €714/tonne) in the Chicago cash market in recent weeks.
($1 = €0.78)
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