Export values for tallow out of the New Zealand and Australian markets are unchanged. Demand from Singapore has marginally decreased, but a favorable price to palm and soybean oil has increased China’s demand. Production remains tight in both the Australian and New Zealand markets. The MLA estimated slaughter at 116,813 head last week, down 24 percent from year-prior levels.

Export values out of North America are unchanged. There is some resistance from Mexico at current values for BFT, but there has been enough demand in the interior and from markets with biofuel demand to keep prices supported. The same holds true of used cooking oil, with direction from the EU supporting the East Coast market’s top side.

Domestic trading has been mostly steady this week, with few changes reported. The North American Renderers Association has their meeting underway this week, and the election has pulled some attention away from day-to-day activities. Polls once again were way off,…