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Darling Ingredients CEO Randall Stuewe said the proposed rendering plant beside Butterball's turkey plant in Mount Olive, North Carolina, makes logistical sense because Butterball's materials are currently hauled long distances to existing facilities. The companies said construction could begin in early 2024 if permits and definitive agreements are completed.
Added regional rendering capacity would keep poultry by-product tonnage closer to processing, easing the supply bottleneck for animal fats and meals used in feed. The effect on prices is modest and long-term.
reuters.comTom PolansekAug 7, 2023
wattagnet.comRoy GraberAug 14, 2023After 11 past bearish logistics events, Lean Hogs moved a median +1.6% over 5 sessions (55% higher; middle half -2.7% to +2.5%), and -6.1% over 20.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 29 past bearish logistics events, Live Cattle moved a median -0.3% over 5 sessions (38% higher; middle half -2.0% to +0.5%), and -3.7% over 20.
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.
