# Meat Rendering - PAC Partners - Listcorp.

> Ridley Corporation's broker note cites MLA data showing Australian tallow prices rose from about A$1000/ton in February 2021 to roughly A$2680/ton in November 2022, then fell to about A$2007/ton by February 2023. The note links the earlier spike to the lowest cattle slaughter in two decades and the recent recovery in slaughter rates.

- Date: 2023-04-26 · published 2023-04-26T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/36513-meat-rendering-pac-partners-listcorp
- Commodities: [Meat & Bone Meal](https://feedsoft.ai/c/MBM.md)

## Why it matters

Tallow is a rendering co-product that feeds biofuel and feed markets, so its falling price and rising slaughter supply point to softer rendered fat and protein meal values. Tighter biofuel demand growth from the IEA also reduces support for tallow.

## Read by commodity

- MBM: bearish ▼

## Sources

- listcorp.com: https://www.listcorp.com/publisher/pac-partners/meat-rendering-2865787.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.