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A Global Market Insights study projects the animal feed protein ingredients sector will grow from $160.95 billion in 2019 to $245.06 billion by 2026, a 7.3% annual rate. The study highlights aquaculture growth in Peru and rising meat demand in Asia-Pacific as key drivers.
Long-run growth in protein ingredient demand supports fishmeal and soybean meal consumption, but this is a market-research forecast with no immediate price catalyst.
millingandgrain.comDynamicApr 21, 2020Not enough comparable past events yet for a historical read.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% 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.
