
Fastmarkets summarised takeaways from the REAM rendering conference in Mendoza, Argentina, held September 8-10. Speakers said the fishmeal shortage is pushing South American feed makers to substitute meat-and-bone meal, poultry meal and other proteins.
Substitution toward meat-and-bone meal and poultry by-product meal lifts demand for those meals while fishmeal stays expensive. Chinese access for Brazilian poultry meal adds export demand.
Not enough comparable past events yet for a historical read.
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.