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A Petfood Industry webinar outlined US supply status for poultry, rendered proteins and grains used in pet food. Speakers said COVID-19 disruptions to poultry processing and rendering were localized and short term, with chicken and turkey demand languishing unevenly across parts.
Stable poultry and rendered protein supply supports lower-cost inputs for feed makers, while weak poultry demand keeps pressure on meal and by-product values.
petfoodindustry.comDebbie Phillips-DonaldsonJun 17, 2020Not enough comparable past events yet for a historical read.
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.
