# Oceana lowers earnings estimates on softer fishmeal prices - Undercurrent News

> 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.

- Date: 2017-09-04 · published 2017-09-04T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/69041-oceana-lowers-earnings-estimates-on-softer-fishmeal-prices-undercurrent-news
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

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.

## Read by commodity

- FISHMEAL: bearish ▼

## Sources

- undercurrentnews.com: https://www.undercurrentnews.com/2017/09/04/oceana-lowers-earnings-estimates-on-softer-fishmeal-prices/

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