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Waitoa Natural Proteins, a New Zealand rendering plant owned by competing meat processors, is nearing full commissioning in June. The facility already produces bovine meal and tallow and will render bone and offal from five meat plants.
A new rendering plant adds New Zealand supply of bovine meal and tallow, a small effect on global animal protein availability and 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.