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A Thanksgiving Day fire caused heavy damage at the Valley Proteins rendering plant in Ward, South Carolina, which mainly renders meat by-products for pet food. Officials say the damage is substantial and the plant will not likely reopen soon, and the cause is under investigation.
The plant's extended outage reduces US rendered meat and fat output, supporting tighter supply of meat-and-bone meal and feed fats until other facilities absorb the volume.
wltx.comChristopher BuchananNov 24, 2022Not 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.
