Farmers Union Industries CEO Dale Bernard says poultry rendering slowed in Minnesota over the past year because of the HPAI outbreak. Birds that died or were culled could not be rendered, so meat and bone and feather meal output fell.
The piece describes rendering as a way to recycle packing-plant byproducts into feed protein.
Lower rendering volumes tighten supply of animal protein meals used in feed, which supports meal prices. The effect is regional and modest, but it adds to the bird flu pressure on poultry-based feed ingredients.
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.