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Export traders quoted beef co-product values down $50-$100 per head since May, with declines in edible offal, rendered products like tallow and meatmeal, hides, and pharmaceutical products. Foetal blood has fallen roughly in half from a year earlier amid weak Chinese demand and currency pressure in Japan and Korea.
Weaker meatmeal and tallow values reduce the price of rendered protein inputs for feed formulators and point to softer returns for beef processors.
beefcentral.comJon CondonAug 8, 2024Not enough comparable past events yet for a historical read.
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.
