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Europe faces a protein shortfall for pigs and poultry, which need digestible proteins such as soybean meal and fishmeal. The article notes that ruminants can use cheaper nitrogen sources like urea, while EU rules still restrict fishmeal and meat and bone meal in ruminant rations after BSE.
Tight EU supply of digestible protein keeps soybean meal and fishmeal demand firm, supporting prices for those feeds. Any relaxation of animal protein rules could shift demand toward alternative proteins.
heraldscotland.comJan 30, 2017After 172 past bullish policy events, SBM moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), and -0.8% over 20.
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.
