
China's aquaculture sector continues to expand on stronger domestic marine ingredient output. El Niño has reduced raw material availability in Peru and Chile, with IFFO attributing much of the expected global decline to South America, Northern Europe and parts of Asia.
Reduced South American and European catches tighten global fishmeal and fish oil supply, supporting prices and encouraging substitution toward plant proteins in feed.
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.
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.