
Morocco has opened its border to US rendered animal protein shipments used to make dog and cat food, according to a November 10 announcement from the North American Renderers Association. The access follows a sanitary certificate agreement between Morocco's ONSSA and USDA APHIS, after about four years of work by NARA's representative and USDA's Foreign Agricultural Service.
A new export pathway gives US renderers an additional outlet for animal protein meals, which modestly supports demand for US rendered products. The effect on feed-grade prices is likely small given the pet food focus and the limited size of the Moroccan market.
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.