Animal Fats – International

Fat prices moved lower out of the Australian and New Zealand markets. Strong production has been cited as the reason for the drop in prices. Australian cattle slaughter last week was reported up 11% from a year ago. Female slaughter continues at a very strong rate and this will tighten overall cattle supply in the coming years. Extreme weather and high feed costs have contributed to the liquidation of the cattle herd in Australia. The premium tallow…