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Peru's fish landings have dropped 89% as anchovy catches for fishmeal and fish oil are almost nonexistent. The decline reflects the cancelled or stalled anchovy season.
A near-total loss of Peruvian anchovy landings removes a major swing supply of fishmeal, pushing prices higher for protein feed users.
Not enough comparable past events yet for a historical read.
After 167 past bullish logistics events, Soybean Meal moved a median +0.5% over 5 sessions (54% higher; middle half -1.8% to +2.9%), and -1.2% 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.