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A Fats and Proteins Research Foundation report shows US rendered animal protein meal use in livestock feed fell 25% and fats and oils fell 39% from 2019 to 2023. Total rendered ingredient use dropped from 9.75 million to 5.28 million short tons.
Feed makers switching to soybean meal and corn protein reduces demand for rendered proteins, supporting a structural bearish bias for MBM and animal fats while soybean meal demand holds up.
feedbusinessmea.comEditor AFMEAApr 17, 2025Not enough comparable past events yet for a historical read.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.
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.
