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Australian beef industry is exploring rendering of low-priced hides after weak leather markets and supply chain disruptions reduced demand for hides sent to tanneries. The AMPC and Australian Meat Group have installed shredding machines to cut hides to a size suitable for rendering plants and are assessing profitability.
Rendering hides into tallow and meat and bone meal adds protein to rendered products, which may support byproduct values for feed buyers. The effect on feed prices is modest and still at the trial stage.
farmonline.com.auShan GoodwinJun 22, 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.
