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US rendered fat output is diverging as fall slaughter begins, with cumulative technical tallow production up 6.1% to 2.35 billion lb. Meat meal, meat and bone meal and dry rendered tankage production fell 14% year on year to 2.79 billion lb through August.
Lower meat and bone meal output tightens a protein feed supply, supporting prices for MBM relative to other protein meals.
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.