The Australian and New Zealand markets were relatively quiet this week, but price indications were steady for both markets. Production in the Australian market continues to be strong with cattle slaughter back to strong levels after a multi-year herd rebuild. The MLA estimated national cattle slaughter for last week at 120,362 head, up 24 percent from the same week last year.
EU trading was mixed this week with UCO prices steady to higher, Cat 3 prices lower and edible prices steady to higher. A few sources reported that a shipment of EU tallow is headed to the US in what is the first reported tonnage in recent history. There have been reports of European UCO headed to the US as well as big demand from the US renewable sector continues to pull tallow and UCO in from around the globe.

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