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Animal protein trading was quiet on March 3 as participants awaited US tariffs on Mexico and Canada set for March 4. Sources expressed concern about retaliation from Canada, Mexico and China, and May soybean meal futures fell $2.20 per short ton for a fourth straight day.
Tariff-driven uncertainty and retaliation risk weigh on protein demand and soymeal prices, although the day's moves were small.
thejacobsen.comAlexandra WattsMar 3, 2025Not 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.
