Export fat prices are unchanged out of Australia, but sources are reporting pressure on the market due to the continued high kill. Export prices are still well priced versus palm and any competition that may come from North America. Slaughter is just over 5% ahead of last year, but a whopping 20% up on 2013 numbers. The expectation is for lower numbers, soon, but thus far the market is showing no signs of slowing down.
Figure 1.
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