Animal Fats – International

Tallow prices are up $10 from last week’s low, narrowing the spread to Australian export prices. Sources are reporting good demand from the export market, particularly into the biofuel sector. Cattle slaughter was off just over 2% compared to the week prior, last week. Sources have reported that kills in the south have started to tighten up.

The NZ$ has continued to weaken against the US$, at its lowest point in over 5 years. As a result, prices…