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The EU Commission confirmed that the deadline for Parliament or Council to veto its delegated act had passed, clearing the way for meat-and-bone meal to be fed again to pigs and poultry under controls. Publication in the EU Official Journal is planned for the end of August, and insect meal feeding will also be authorised.
Re-authorising animal protein meals adds non-soy protein supply to the European feed market, which could ease demand for soybean meal and other protein meals in the EU over time.
english.fleischwirtschaft.deEditor fleischwirtschaft.comAug 15, 2021Not enough comparable past events yet for a historical read.
After 223 past bearish policy events, Soybean Meal moved a median -0.3% over 5 sessions (45% higher; middle half -2.2% to +1.2%), and -0.6% over 20.
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.
