INTERNATIONAL ANIMAL FATS COMMENTARY

In AUS/NZ the cash price goes down, the currency changes force the FOB AUS/NZ prices up such that the market is unchanged for the most part.  It is that time of the year in AUS when the abattoirs begin to take their winter shut downs.  Supplies will be reduced as we look ahead so one has to wonder how prices can continue to decline, one would think they would move higher.   The only headwind to…