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Mexico has agreed to allow imports of US bovine meat and bone meal after years of delay, as part of USMCA negotiations. The US renderers' group NARA says the USDA's APHIS helped secure the market reopening.
The agreement includes sanitary provisions based on OIE guidelines.
Reopened access for US bovine MBM gives US renderers an outlet and could lift export demand for the product. Mexican poultry, swine and pet food feed costs may ease as a result.
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.