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The US livestock industry is turning to rendering to handle tens of thousands of hogs and other animals that cannot move through normal meat supply chains after meatpacking plants closed for COVID-19. Rendering plants have stepped up operations and retooled to accept heavier animals, though NARA says the surge may exceed capacity for now.
Diverted animals boost rendered meat and bone meal supply while meatpacking closures cut live hog and cattle demand, pressuring livestock prices.
eenews.netMarc HellerMay 4, 2020Not enough comparable past events yet for a historical read.
After 11 past bearish logistics events, Lean Hogs moved a median +1.6% over 5 sessions (55% higher; middle half -2.7% to +2.5%), and -6.1% over 20.
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.
