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Researchers from Ghana and the US tested replacing fishmeal in broiler diets with soybean meal or poultry by-product meal. The study found fishmeal is costly and volatile in supply.
The work is an academic study rather than a market event.
Research showing viable substitutes for fishmeal in broiler feed could reduce long-run demand for fishmeal, particularly in developing markets where price volatility is high.
agtechnavigator.comAerin Einstein-CurtisMar 30, 2020Not 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.
