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Industry commentary expects global sheepmeat and beef supply to tighten through 2027-2029 as cattle numbers fall. Tighter supply means less blood meal, meat and bone meal and tallow, and tallow prices track energy prices closely.
Lower renderer output tightens meat and bone meal supply, which tends to push its price higher while cattle supply stays short.
Not enough comparable past events yet for a historical read.
Not 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.