New Zealand Tallow Prices Move Higher

New Zealand Tallow Prices Move Higher

Trading out of the Australian market was unchanged this week. Supply remains tight, with production continuing to run at a reduced pace. Cattle slaughter was estimated by the MLA at 105,794, down 28 percent from year-prior levels. JBS Dinmore appears to be poised to restart production in the near term, albeit sans a night shift. Restocking after years of intense, cattle slaughter looks to keep production in the Australian market tight.

EU Cat 3 and edible prices were relatively steady week on week, with the only changes seen in the pure beef tallow market, up €5. UCO prices slipped under pressure from lower UCOME prices and reports of strong stocks in storage, mostly from shipments out of China. Bids above $805 ARA have met resistance with bids indicated in the $780 CIF…

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