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The average global price of hydrolysed feather meal has fallen 27% since April, tracking the decline in soybean meal. Analysts note that Chinese buying of US soybeans has limited further declines in the sector.
Feather meal is a non-soy protein that is priced against soymeal, so a soymeal slide pulls alternative protein prices lower. Buyers can expect cheaper protein substitutes while soymeal stays weak.
foodagribusiness.worldGlowlitAug 11, 2021Not 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.
