Cattle co-product values plummet

The global economic slowdown and the resulting lackluster export demand have seen a substantial fall in the value of Australian cattle co-products over the past month, according to Meat and Livestock Australia.

MLA reports that the estimated co-products value of Australian cattle during November plummeted between $28 and $52 compared to the previous month and $22 to $48 below November 2007.

Driving the fall were weaker values for offal, tallow and hides on a year ago.