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Oceana has lowered its earnings estimates because fishmeal prices have softened. The revision reflects weaker prices for the product rather than a change in fishing volumes.
Lower fishmeal prices reduce the cost of protein for feed compounders, which eases input costs for aquafeed and some livestock diets. Softer prices in the fishmeal market also point to ample supply.
undercurrentnews.comSep 4, 2017Not 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.
