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USDA's APHIS and Colombia's agricultural institute agreed in October 2023 on import requirements for US bovine meat and bone meal. This is the first market opening for US bovine MBM in the region.
Colombia's animal feed industry uses about 63,000 MT of MBM a year, nearly 50,000 MT of it imported.
New access for US bovine MBM gives US exporters a new outlet in Colombia, which could modestly support US MBM demand and prices. The effect is small given the volumes involved.
thebeefsite.comNov 28, 2023
thecattlesite.comMelanie EppNov 28, 2023Not 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.
