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Australian beef co-product prices, including tongues, hides and sheep runners, have risen sharply year over year. The increase is attributed to reduced cattle slaughter in Australia, Brazil and Argentina, along with stronger hide demand from upholstery and automotive sectors.
Lower slaughter throughput tightens offal and by-product supply, which supports the value of rendering inputs and the cattle complex.
mla.com.auJul 1, 2021Not 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.
