Potential Co-Product Values Rise in May

AUSTRALIA - The potential co-product value for a grassfed heavy steer (average 331kg cwt) during May increased five per cent year-on-year, to $209.39/head.
calendar icon 14 June 2012
clock icon 1 minute read

Tallow values ($68.97/head) were the only category to post a decline on the corresponding month last year, down two per cent, although the estimated value was up eight per cent on April. The gains in May were attributed to reduced US competition, while strong demand from China also kept prices buoyant.

Potential co-product offal values averaged $61.30/head in May, six per cent higher than April and 14 per cent above the same time last year. Beef offal prices in May were mostly higher as a result of firm demand in Japan for tongue, rumen pillars and thick and thin skirts, as well as strong seasonal demand in the northern hemisphere.

Hide (281-350kg) values increased 12 per cent on April and four per cent year-on-year, to $50.28/head. Steady demand and a lower A$ helped support prices, however concerning signs from the US could again apply downward pressure on Australian prices.

Meat and bone meal values improved 13 per cent on last month and five per cent on the corresponding period last year, averaging $28.85/head. Demand from Indonesia was steady due to dearer soybean meal.

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