26 September 2013 23:55 [Source: ICIS news]
MEDELLIN, Colombia (ICIS)--Cattle slaughter rates in Brazil for the second quarter of 2013 hit 8.5m, a record high since the country began recording figures in 1997, the national statistics agency, Instituto Brasileiro de Geografia e Estatistica (IBGE), said on Thursday.
In the second quarter of 2013, the Brazilian market saw a 5.3% increase over the previous quarter and an 11.7% jump year on year, IBGE said.
The previous record was reached in the fourth quarter of 2012, when it recorded 8.2m slaughtered head.
The accumulated weight of carcasses in the quarter was 2m tonnes, the agency said.
Brazil has turned into a net importer of bleachable fancy tallow (BFT) from net exporter on rising domestic biodiesel needs, according to a research note.
US tallow-based fatty acid producers typically use BFT as feedstock. BFT is primarily derived from the fat tissue of beef.
US fatty acid suppliers use a prior-month BFT feedstock average as a factor in the contracts.
BFT is priced has been hovering around 38 cents/lb ($838/tonne, €620/tonne) in the Chicago cash market in recent weeks.
($1 = €0.74)
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