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China's 2021 initiative to replace low-value feed-grade fish with compound feed made from land-based ingredients has cut feed-grade fish use in trials by 77% on average. Experts say compound feed could halve feed-grade fish use for certain species.
Over time, a shift from fishmeal toward plant-based compound feed in China would reduce demand for fishmeal and increase demand for soy proteins and corn gluten, though the effect is gradual.
dialogue.earthKrista CharlesJul 13, 2022Not enough comparable past events yet for a historical read.
After 172 past bullish policy events, Soybean Meal moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), and -0.8% over 20.
After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% 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.
