Animal fats and UCO prices moved lower again this week as a lack of nearby demand has mixed with an increase in supply. Trading was done lower out of the Australian, New Zealand, and North American markets. Slaughter was up to an estimated 132,421 for last week, in the latest MLA report. The year-on-year slaughter is 38.4 percent higher for the nation.
Trading in the US domestic market was sharply lower this week with technical tallow (max 0.5% ffa) trading down to $1257/mt Chicago after trading at $1400/mt last week. UCO prices have fallen below the 50 cts/lb threshold ($1100/mt) and are now trading down $1010/mt delivered US Gulf, threatening to cross below the $1000/mt barrier.

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