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A commentary notes that the meatpacking disruption from COVID-19 is affecting pet food supply, since pet food uses human food byproducts. It cites the North American Renderers Association saying renderers are ready to take livestock that meatpackers cannot process.
Routing livestock into rendering raises meat and bone meal availability and links pet food and feed ingredient supply to meatpacking capacity.
foodpolitics.comMarionMay 14, 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.
