Animal Fats – International

Both the Australian and New Zealand markets are steady with last week’s values. The MLA has reported the Australian cattle slaughter levels are 9% above 2018 YTD and 17% above 2017. The drought had pushed slaughter rates much higher, liquidating a significant amount of the breeding stock through heifer slaughter. Weather has dealt another blow to the AUS cattle sector with floods killing an estimated 300,000 – 500,000 head in Queensland. 500,000 head of…