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Peruvian fishmeal inventories held in China are being drawn down at record prices. Hopes for an early opening of Peru's anchovy season are fading, which leaves buyers with limited near-term supply.
Thin Chinese stocks and a delayed Peruvian season tighten the global fishmeal supply, which supports fishmeal prices and raises feed costs for aquafeed and livestock buyers.
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.