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Meat processors and ingredient suppliers are investing in turning more of each cow into collagen, beef fat and colostrum products for health and beauty markets. US unit sales of collagen supplements rose 20% in the year to October 24, and spending rose 13% to $1.3bn, according to NIQ.
Stronger demand for hides, bones and other by-products could raise the value earned per slaughtered animal, which may support packers' margins. The effect on feed-ingredient prices is likely small.
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.