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A market commentary says US amino acid prices are expected to keep declining through August 2023 amid excess supply, weaker purchasing and increased Chinese exports. It also cites a weaker dollar, higher energy costs and Federal Reserve rate increases.
Conditions in the US are described as slowly improving but still sluggish.
Excess supply and sluggish buying point to continued softness in US lysine and methionine prices, which lowers feed formulation costs for buyers.
chemanalyst.comJacob KutchnerAug 3, 2023Not 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.
