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The North American Renderers Association annual convention drew processors, traders and feed and pet food buyers. Attendees focused on rendered fats and oils as feedstock for biodiesel and renewable diesel.
Growing demand for rendered fats for biofuel supports tallow and meat and bone meal prices, tightening supply for feed users who rely on animal protein meals.
pcma.orgNov 27, 2019Not enough comparable past events yet for a historical read.
After 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), and -0.5% 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.
