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Fishmeal and fish oil firm Daybrook, a US subsidiary of Oceana Group, recorded record Gulf menhaden landings in the new season that started in mid-April. Management expects fishmeal and oil prices to improve versus 2017, with oil yields projected at 11-13% against 7% a year ago.
Higher menhaden landings and better oil yields add fishmeal and fish oil supply, though management's expectation of firmer prices points to a mixed price effect for buyers.
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.