Animal Fats – International

The Australian fat market continues to track palm prices lower with export values falling as much as US$22.50/MT compared to last week. Slaughter continues at a slow rate with last week’s estimates coming in 20% lower than last year at 112,529 head. The low numbers should fall even lower over the next two weeks with the Good Friday and Easter Monday holidays.

Trading out of the New Zealand market was steady this week. Sources reported waning…