
IFFO reports that El Niño is significantly reducing marine raw material availability in Peru and Chile. Peru typically supplies about 20% of world fishmeal, and its North-Central anchovy season was suspended on 10 June with only about 25% of the quota caught.
Tighter fishmeal supply from Peru pushes up protein meal costs for feed buyers, and El Niño is forecast to persist into early 2027, extending the squeeze.
After 67 past bullish disease events, Soybean Meal moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.9%), and +0.4% over 20.
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.