Animal Fats – International

Export values for AUS fats were up in terms of US$ this week, both due to a weaker US$ and continued tight supplies. Sources had suggested that prices may come off due to the seasonal increase in slaughter, but this week the MLA released its forecast of a 3% drop in slaughter this year. The Australian market is a few years behind the US in it’s rebuilding phase, likely because the slow slaughter rates of 2014 and 2015 in the US helped to drive beef…