Trading was mostly quiet out of the Australian and New Zealand markets this week. Strong production and delayed demand from Singapore have created some pockets of weakness, but overall the market was flat. Demand is strong, especially with Neste restarting production at their Singapore facility and with US demand very strong, but there may be some nearby slack while Q4 demand gets sorted. The MLA estimated national cattle slaughter at 123,195 head for last week, up 23.8 percent from the same week last year.
European prices were flat this week with the only change coming from the UCO market. A lot of trading for Cat 1 – 3 fats seems to be sewn up for the near term with many in the European market on holiday. UCO prices were higher, following UCOME prices up.

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