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Darling Ingredients acquired PPH Conto Ltd., a food-grade animal fat processor in Kujawski, Poland, and reported Q3 revenue of $812.6 million, down from $936.3 million a year earlier. The company cited extended downtime at its Diamond Green Diesel joint venture and China trade disputes weighing on animal protein trade flows.
Record slaughter volumes are creating a large supply of fats and proteins, which pressures rendered fat and meat meal prices. China trade disputes reduce export demand for animal proteins.
meatpoultry.comRyan McCarthyNov 7, 2018Not enough comparable past events yet for a historical read.
After 81 past neutral trade events, Soybean Oil moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +1.8%), and +0.9% 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.
