Fastmarkets explained processed animal proteins, which are rendered from animal parts, and the EU categorization of animal by-products. It noted that pet food is the main user of PAPs, followed by animal feed, aquafeed and fertilizer.
The piece also introduced the new European poultry meal and meat and bone meal price assessments.
The explainer clarifies how rendered proteins fit into feed supply and the role of EU categorization rules, which matter for feed buyers sourcing these ingredients, but it reports no new price-moving event.
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.