Tallow prices fell again out of the New Zealand market this week. The resumption of production has contributed to stronger supplies and the lower priced palm market has pressured prices lower as well. The New Zealand dollar has increased 6.6 percent over the last two weeks, which has also contributed to lower prices in terms of NZ$. Australian cattle slaughter was down 7 percent from the week prior and down 22 percent relative to last year. The largest cattle slaughter facility in the country, JBS Dinsmore, is down for two weeks and this has pulled back production. Prices are unchanged with little activity reported this week.
The domestic US market has come off $80/MT for edible tallow this week, falling to a price of…
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