Animal Fats – International

There were no changes in the Australian market this week for domestic or export pricing. Sellers are optimistic that prices can move incrementally higher in the next few weeks, possibly $5 to $10 on the basis of tightening supplies in a few local markets, but exporters are facing some strong headwinds by way of cheap palm stearin out of Malaysia, $535 FOB. Cattle slaughter out of both NSW and Victoria were sharply…