Global Markets Quiet on Limited Nearby Demand

Global Markets Quiet on Limited Nearby Demand

**Please note**The Jacobsen will not publish an International Animal Fats Bulletin next week due to the Thanksgiving holiday. We will resume our normal publication schedule for our international reports on Thursday, November 30th.**

The overall tone in the market was quiet this week with few changes reported. Tallow indications were wider out of the New Zealand market, but for the most part sources were calling the market unchanged. The same was true for Australia with no changes reported. Australian cattle slaughter was lower last week, down to 122,744 head in the National Slaughter report from the MLA. While the slaughter estimates are down 6.7 percent from the week prior, the harvest is up 23.3 percent from last year’s levels.

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