AUSTRALIA - During April, the potential co-product value for a heavy steer with an average carcase weight of 331kg remained steady with the previous month according to Meat and Livestock Australia.
MLA said the value was 21 per cent greater than a year ago, at A$249.16/head, underpinned by higher values across all categories, according to Kurrajong Meat Technology – April 2014 co-products monitor.
April saw the potential value of tallow remain firm with March and average 19 per cent higher year-on-year, at A$64.79/head, underpinned by reduced production reported during April.
Reports suggest exporters competed strongly for tallow to maintain supplies in the biofuel market in Singapore.
Furthermore, prices are anticipated to subdue in May, yet still remain at historically dear levels, as a result of firm demand from buyers, combined with reduced production throughout winter.
The potential beef offal value in April was unchanged month-on-month but increased 11 per cent on the corresponding month in 2013, at A$63.13/head, attributed to strong tongue (A$9.19/kg) prices, together with good demand for intestines (A$5.56/kg) in Japan and Korea, up more than four times on last year.
Additionally, strong interest in Hong Kong and Taiwan saw honeycomb (A$5.80/kg) prices average 60 per cent dearer on April 2013, while firm demand in Thailand and Hong Kong assisted omasum (A$5.86/kg) prices 56 per cent higher over the same period.
In April, beef Meat and Bone Meal (MBM 50) prices were up five per cent both month-on-month and year-on-year, at A$36.49/head, underpinned by protein shortages reported in the US.
Reports suggest strong interest for Australian and New Zealand product during the month, assisting prices on both the export and domestic markets.
TheMeatSite News Desk