Cattle Slaughter Forecast to Increase

Two cars of technical tallow traded at lower levels today relative to the last priced trade. Edible tallow was offered out and untraded as of press time. Sellers are seeing strong headwinds from the soybean oil and palm oil markets, as are the buyers competition with veg based products in the edible space. Demand from Mexico has been indicated in the current, printed range for edible and technical tallow, but a weaker peso versus the US is…