Trading out of the Australian market was unchanged this week. Supply remains tight, with production continuing to run at a reduced pace. Cattle slaughter was estimated by the MLA at 105,794, down 28 percent from year-prior levels. JBS Dinmore appears to be poised to restart production in the near term, albeit sans a night shift. Restocking after years of intense, cattle slaughter looks to keep production in the Australian market tight.

EU Cat 3 and edible prices were relatively steady week on week, with the only changes seen in the pure beef tallow market, up €5. UCO prices slipped under pressure from lower UCOME prices and reports of strong stocks in storage, mostly from shipments out of China. Bids above $805 ARA have met resistance with bids indicated in the $780 CIF…