Potential Co-product Values Improve in July09 August 2013
AUSTRALIA - The potential co-product value for a heavy steer (average 331kg) in July averaged A$238.05/head, up three per cent month-on-month and 17 per cent on the corresponding month last year, boosted by considerable increases in hide and tallow prices according to data from Kurrajong Meat Technology – July co-products monitor.
Meat and Livestock Australia said that the potential value for hides (281-350kg) increased the largest year-on-year, up 35 per cent, at A$73.00/hide, yet prices are reportedly expected to ease in the coming months with demand anticipated to slow during the northern summer.
Continued demand for renewable fuel production in Singapore, combined with reduced production in New Zealand, caused the potential tallow value to increase to A$66.28/head, up 25 per cent on July 2012.
The meat and bone meal potential value also improved, up 10 per cent month-on-month and 13 per cent year-on-year, at A$37.59/head, assisted by firm demand from Indonesia.
The potential value for beef offal in July declined slightly, down two per cent on the previous month and last year, at A$61.18/head, largely due to price reductions for tongue and rumen pillars, caused by increased US product in Japan.
TheMeatSite News Desk