China's State Council Tariff Commission extended through Feb. 28, 2025 tariff exclusions on 12 agricultural lines, including whey and fishmeal for feed use.
USDA FSIS also announced that digitally signed meat and poultry export certificates for Mexico will begin Nov. 4, and APHIS plans to relocate an import function on Oct.
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Extended exclusions keep feed-use fishmeal and whey imports into China cheaper, supporting that trade flow, while the certificate changes are administrative and have little price effect.
Not 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.