Animal Fats – International

Overall the markets have been pretty quiet over the past week. There were no changes out of Australia with the domestic tenders underway and export trading quiet. Singapore should start to reemerge in the comings weeks, but the absence has been noticeable from the ANZ markets. Kills remain strong in Australia, driven by the drought conditions in the Eastern states. There is a fear in the market that cattle producers are liquidating their breeding stock…