# Fishmeal Market Turns Bearish On Good Production, ASF, High China Stocks - News - Sifang

> 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.

- Date: 2019-01-11 · published 2019-01-11T12:00:00.000Z
- Category: disease · region China · magnitude medium
- Page: https://feedsoft.ai/events/60994-fishmeal-market-turns-bearish-on-good-production-asf-high-china-stocks-news
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

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.

## Read by commodity

- SBM: bearish ▼
- FISHMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2021-02-08 | [China hog futures surge to one-month high on mounting ASF fear - Fastmarkets](https://feedsoft.ai/events/48627-china-hog-futures-surge-to-one-month-high-on-mounting-asf-fear-fastmarkets.md) | -0.7% | -2.7% |
| SBM | 2022-02-15 | [US bird flu case puts chicken, turkey farms on high alert \| AP News](https://feedsoft.ai/events/42716-us-bird-flu-case-puts-chicken-turkey-farms-on-high-alert-ap-news.md) | +0.2% | +15.7% |
| SBM | 2018-12-04 | [African Swine Fever, Structural Changes Disrupt China's Pork Market](https://feedsoft.ai/events/61544-african-swine-fever-structural-changes-disrupt-china-s-pork-market.md) | -1.0% | +0.2% |
| SBM | 2020-04-14 | [U.S. grains: Soybeans drop as livestock markets drag soymeal lower - Grainews](https://feedsoft.ai/events/53721-u-s-grains-soybeans-drop-as-livestock-markets-drag-soymeal-lower-grainews.md) | -1.0% | -0.8% |
| SBM | 2021-04-22 | [ASF resurgence in China may slow imports of feedgrains \| The Western Producer](https://feedsoft.ai/events/47644-asf-resurgence-in-china-may-slow-imports-of-feedgrains-the-western-producer.md) | +2.3% | -1.7% |

## Sources

- fao.org: https://www.fao.org/in-action/globefish/news-events/news/news-detail/32/en
- fishmeal-machine.com: https://www.fishmeal-machine.com/news/distributor-20763029.html
- savingseafood.org: https://www.savingseafood.org/news/economic-impact/fishmeal-market-turns-bearish-on-good-production-asf-high-china-stocks/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.