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Archer-Daniels-Midland plans to stop making dry lysine, an animal feed additive, in the first half of 2021. The company said global industry expansion has outpaced demand and it will focus on liquid and encapsulated lysine.
Exiting dry lysine capacity from a major producer can tighten supply in a market where overcapacity has been pressuring prices. Feed buyers should watch whether dry lysine offers firm up in 2021.
bloomberg.comIsis AlmeidaJan 1, 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.
