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Darling Ingredients has completed its acquisition of Valley Proteins, a US rendering company, adding 18 rendering plants and used cooking oil facilities across the southern, southeast and mid-Atlantic states. The deal was announced in December 2021 at a price of $1.1 billion.
The added rendering and used cooking oil capacity increases Darling's control of animal fat and waste oil feedstocks for renewable diesel, which supports demand for vegetable oils and tallow and can firm meat meal supply dynamics.
feedstuffs.comMay 3, 2022Not enough comparable past events yet for a historical read.
After 224 past bullish trade events, Soybean Oil moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% to +2.1%), and -0.5% over 20.
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.
