Tallow prices out of the Australian market moved higher this week on tight supplies. Production slowdowns out of the JBS Dinsmore plant have tightened supply enough to push export values higher, but domestic prices have remained steady to slightly higher. Cattle slaughter for the week ending June 12^th was down fifteen percent compared to last year and flat with the week prior. Trading out of New Zealand was flat to higher with reports of good demand from Singapore and limited activity from the Chinese market.

UCO prices into the EU moved higher over the last two weeks on strong demand and continued, tight supplies. Despite the uptick in demand, buyers are still resistant to the higher end of new pricing levels. Tallow prices were mostly steady into Northwest European locations.

The domestic US market has seen prices collapse over the last couple of weeks due to an increase in supply and…