Tallow prices moved higher in the Australian domestic market and for export this week. Concerns over future supply tied to potential COVID-19 interruptions and reports of short covering have contributed to the move higher. Slaughter was higher last week, up 4 percent from the week prior and down 17 percent compared to last year. Female slaughter continues to run well below year ago levels, ranging from 10 to 33 percent from state to state. Sources have reported trading into China at $775 CFR for 4% BFT. Trading out of New Zealand was steady to higher.

EU trading was steady for the lower grades, but higher on edible production. UCO trading moved higher as well, topping out at 815€ DDP into Western Europe.

The domestic US market has been fairly steady coming off of the long, holiday weekend. High temps, over 32.25 C across much of the country, are affecting ffa levels and pushing more off spec material into the…