Tallow traded at higher prices out of the Australian market. Tight supplies continue to drive price increases, as does strong demand from the renewable sector. Buyers in the Asia-Pacific region are leaning more heavily on the Australian and New Zealand markets as competition for low carbon intensity feedstocks increases in the North American market.

The MLA reported Eastern States slaughter at 98,769 head last week, down 18 percent from the year prior levels. Plentiful rainfall over the last week is expected to keep cattle on pasture longer for weight gains. Restocking is likely to continue in the near term as well, further limiting the supply of cattle to the abattoirs and, in turn, the supply of tallow to the market.

Prices for used cooking oil (UCO) are higher this week on continued strong demand and higher UCOME prices in the EU. Prices for material out of China, and the APAC region are offered out in a range of $1050 – 1100. Local buyers have bought material away…