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The North American Renderers Association welcomed USMCA, citing Mexico's agreement to import US bovine meat and bone meal. The group says the access will cut feed costs for Mexican poultry, swine and pet food producers.
The agreement follows OIE science-based guidelines.
Opening Mexico to US bovine MBM expands export demand for a feed protein, which supports US MBM prices. Lower feed costs in Mexico could also support livestock margins there.
thecattlesite.comGlobal Ag MediaJul 3, 2020Not 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.
