Tallow prices out of the Australian and New Zealand markets were precipitously lower this week. Supply remains tight and several sellers have stepped away from the market, but the limited trading reported was at lower levels. A collapse in North American prices have contributed to the downturn. Supply remains tight out of the ANZ markets on continued, limited production. The MLA estimated Eastern States slaughter for Australia at 88,895 head for last week. Both New Zealand and Australia are expected to dramatically slow production through the holiday period.

UCO prices in the EU and UK markets were firm this week and Cat 3 and edible fats were sharply higher. Sources indicated that Q1 availability is tight on animal fats and buyers, especially renewable fuel producers, have been active in securing feedstocks for January – March.

North American prices are lower this week on a myriad of bearish factors. Logistics issues continue to be the leading cause of lower prices…