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The EU Commission has amended Regulation (EC) No 1069/2009 to set end points for some animal by-products used in fertiliser. Category 2 and 3 ash and biogas plant residues are now considered end points as organic fertilisers, while other by-products still need to meet the fertilising products regulation.
Further fertiliser regulation changes are still needed before most animal by-products can enter fertiliser markets, so the near-term effect on feed ingredient supply and prices is limited.
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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.