Tallow Pushes Rise in Co-product Values11 September 2013
AUSTRALIA - The potential co-product value for a prime steer with an average carcase weight 274kg in August averaged A$194.53/head, up 12 per cent on the same period last year, buoyed by improved tallow and hide prices according to the Kurrajong Meat Technology – August Co-products Monitor.
The average value for tallow was just one per cent higher on July and 31 per cent above year-ago levels, averaging A$53.09/head, according to Meat and Livestock Australia.
Underpinning the rise is reportedly continued strong demand for tallow for renewable fuel production in both the export and domestic markets.
Hide prices were slightly lower down by two per cent during August compared to the previous month, averaging A$60.33/hide, impacted by ample supplies and subdued demand from south-east Asia.
However, hide prices were 22 per cent higher year-on-year.
The potential value for Meat and Bone Meal (MBM 50) eased by two per cent month-on-month, averaging A$33.80/head, due to reports of increased availability of US product.
Despite this, the average price was marginally (one per cent) higher compared to August last year.
Beef offal values in August averaged five per cent lower month-on-month and on last year, at A$47.31/head, underpinned by lower tongue prices due to greater competition from the US, as well as reduced rumen pillar prices caused by weaker consumer demand in Japan.
TheMeatSite News Desk