Potential Co-product Values Improve in June17 July 2013
AUSTRALIA - The potential co-product value for a prime steer (average 274kg cwt) during June increased 12 per cent year-on-year, to average $191.91/head, underpinned by significant price gains for tallow and hides according to the Kurrajong Meat Technology – June co-products monitor.
Meat and Livestock Australia said that hide (241-280kg) prices continued the gains made through May and were considerably dearer (42 per cent) compared to June last year, averaging $60.88/hide.
The average value for beef tallow (A$48.80/head) during June improved both month-on-month and on the corresponding period last year, up 12 per cent and eight per cent, respectively.
Strong demand for renewable fuels in Singapore has continued to lift prices, and prices are expected to remain steady for the remainder of winter.
The potential value for meat and bone meal increased marginally (three per cent) year-on-year, averaging A$31.28/head, yet reduced one per cent on May, with export demand reportedly steady, particularly from Indonesia.
Beef offal values during June improved four per cent on May, to average A$50.85/head, yet decreased two per cent on the corresponding period last year, underpinned by a large decrease in tongue, kidney and heart prices.
TheMeatSite News Desk