Trading was quiet out of the Australian and New Zealand markets this week with no changes reported. Sellers continue to eye the US market and potential growth in renewable diesel demand for the first quarter of 2024, but thus far trade has been limited. 

Australian weekly cattle slaughter was reported at 128,454 head, down 4 percent from last week, while the figure marked a 22 percent positive year-on-year change, according to the National Slaughter report from the MLA. Year to date slaughter now stands at 5,391,155 head.

Market sources reported trades for Chinese used cooking oil (UCO) in the range of $850-860/mt CIF Amsterdam, Rotterdam, Antwerp (ARA), with more buying interest reported at $810-830/mt on the same basis.

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