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Fishmeal prices are weakening as good Peruvian production builds supply while Chinese port stocks have reached a 10-year seasonal high of 186,000 metric tons. African Swine Fever is reducing hog herds and fishmeal usage in China more than expected, and Shanghai ex-warehouse Peruvian superprime offers have fallen to CNY 10,700/t.
Heavy Peruvian supply combined with high Chinese port stocks and weaker demand from ASF-hit hog herds points to lower fishmeal prices, with CIF China superprime near $1,500/t.
fao.orgJan 14, 2019
fishmeal-machine.comJan 25, 2019
savingseafood.orgJohn CookeJan 11, 2019After 167 past bearish disease events, Soybean Meal moved a median -0.6% over 5 sessions (40% higher; middle half -1.8% to +1.4%), and -0.8% over 20.
Not enough comparable past events yet for a historical read.
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.
