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Australian beef processors are shifting labour toward higher-value cuts, leaving lower-value offal volumes at historic lows for export. Cheek meat, head meat and tendon prices rose sharply in September according to MLA data.
Tighter beef offal availability reduces supply of animal-based protein ingredients, but the impact on grain and oilseed feed prices is limited.
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.