Tallow prices in Australia moved lower this week. Weaker demand coming from Singapore and cheaper palm prices are weighing on the market. Cattle slaughter was estimated at 125,720 head last week by the MLA, down 19 percent relative to last year and up 2 percent from last week. Female slaughter has dropped significantly relative to last year, down 19 – 27 percent. Trading out of the New Zealand market was lower as well as sellers contend with the palm market and buyers in China pushing for lower numbers.

EU prices for Cat 3 and edible products fell this week as palm and weaker demand are driving prices lower.

Tallow in the US market continues to diverge with technical and edible trading at  $970/MT Chicago yesterday and BFT 4% ffa max offered and unsold at $660/MT. Increased hog and cattle slaughter is pressuring the overall fat market, but trim based…