Fishmeal inventories at major Chinese ports have fallen to near five-year lows, according to week 32 data. Peru has kept its North-Central anchovy fishery suspended, and IFFO projects an annual Asian fishmeal deficit of 1.2 million tonnes.
Low Chinese port stocks combined with a projected 1.2 million tonne deficit point to sustained upward pressure on fishmeal prices and reduced inclusion in feed rations.
Not enough comparable past events yet for a historical read.
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.
After 13 past disease events, Soybean Oil moved a median -0.3% over 5 sessions (38% higher; middle half -2.3% to +1.2%), and -4.6% 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.