Animal Fats – International

Australian and New Zealand tallow prices moved higher this week on good demand from Singapore as well as China. Slaughter has picked back up post holiday in Australia with the Eastern States Slaughter estimated at 109,713 by the MLA. Very high temps, north of 40 C (104 F) in some regions is creating another weather situation in which slaughter levels are elevated. Despite the increased production, it’s reasonable to expect tallow prices to continue to…