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An IntraFish outlook says fishmeal and fish oil prospects for 2024 are improving after a difficult 2023 that saw the cancellation of Peru's first anchovy season and a shortfall in the second. The article points to better climatic conditions as a reason for optimism.
Improving Peruvian catch prospects would raise fishmeal supply expectations, which is bearish for fishmeal prices and for alternative protein feed costs.
intrafish.comJohn EvansMar 7, 2024Not enough comparable past events yet for a historical read.
After 55 past neutral weather events, Soybean Meal moved a median -0.1% over 5 sessions (47% higher; middle half -1.7% to +1.5%), and +0.1% 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.
