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Historic Lows for US Animal Fat Exports in May, Record High Imports

Alexandra Watts | 07.13.2023

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Prices out of the Australia and New Zealand markets were steady to higher this week on stronger demand coming from the Asian renewable fuel sector, as well as interest from the North American market. Strong production continues on the recovery in the Australian cattle market, slaughter was estimated at 117,548 by the MLA last week. Sellers had been struggling with some unexpected demand destruction from the Asian market, but renewed interest has helped stabilize and boost prices out of the ANZ region.
European prices were mostly flat this week, although used cooking oil (UCO) prices did move higher. There continues to be more focus on exports out of the EU on strong demand from the North American renewable fuel sector.

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Historic Lows for US Animal Fat Exports in May, Record High Imports

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