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Strong Peruvian anchovy catches have helped stabilize fishmeal prices in China. Supply from the first Peruvian season has been ample and steadied the market.
Abundant Peruvian fishmeal supply keeps import costs for feed mills steady, limiting upside in protein meal prices.
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.