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The North American Renderers Association said pet food companies should still receive rendered co-products despite localized meat plant closures. Meat production in 2020 remains above 2019 levels year to date, though beef slaughter fell 21.8% in the week ending April 18.
Steady rendered co-product supply limits upside for meat and bone meal prices, though the sharp beef slaughter decline tightens byproduct availability over the near term.
petfoodindustry.comTim WallApr 22, 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.
