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Co-product values for New Zealand meat processors keep falling, with hides and pelts losing much of their value. Meat and bone meal and tallow have held up better than other co-products.
Wallace Group has sold its tanning, rendering and composting operations in Waikato, Northland and Manawatu.
Weaker hide and pelt revenue lowers total meat-plant income, which can pressure farmgate livestock prices over time. Meal prices are holding up, so feed-ingredient impact is limited.
farmersweekly.co.nzAllan BarberJul 12, 2020Not 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.
