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Peru's fish landings fell 20% in May as anchovy catches destined for fishmeal declined. The drop reflects reduced availability of the key feed raw material.
Lower anchovy landings reduce fishmeal supply and tighten the global protein meal market. This is supportive for fishmeal prices and can draw demand toward soymeal.
undercurrentnews.comMaría FeijóoAug 12, 2022Not enough comparable past events yet for a historical read.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% 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.
