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Meat & Livestock Australia's June co-product market report shows tendon prices up 21.4% year on year, with frozen beef offal averaging A$6.27/kg so far in 2022, up 32% from 2021. Demand from Asian and other markets has strengthened, and offal export revenue is up 6%.
Rising co-product values raise the return on processing and support red meat prices. The report describes strong offal demand but does not point to a direct move in the feed ingredient markets.
mla.com.auJul 7, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
