Animal Fats – International

Fat prices out of the Australian market moved lower this week. Slower demand from Singapore and wide spreads to palm stearin have pushed prices down. Cattle slaughter was lower last week, estimated at 106,654 for the Eastern States. The drop was expected due to the holiday break, but further slowdowns are expected as COVID-19 prevention measures are implemented. New Zealand has seen production for beef drop an estimated 30 percent with COVID-19 measures…