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A Drovers feature explains the rendering industry, which converts about half of each meat animal into products such as pet and livestock feed, biofuels and fertilizer. It cites National Rendering Day, held April 21, and comments from the North American Renderers Association.
The piece is an industry explainer with no new market event.
Rendering output feeds into meat and bone meal and fat supplies, but this article reports no change in supply, demand or prices.
drovers.comMay 1, 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.
