
China has banned all animal protein imports from the US amid the ongoing trade war, affecting about 20,000 tonnes per month of shipments over the past two months. Delegates at the European Fat Processors and Renderers Association congress said the ban opens an opportunity for European renderers to supply China's feed sector.
China's feed industry relies on imported meat and bone meal, fishmeal and poultry meal, so losing US supply tightens that channel and shifts demand toward other origins, which is bearish for US MBM prices.
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.