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Undercurrent News reports that strong Peruvian anchovy catches have pushed fishmeal prices down. The article describes the price move without indicating a new policy or shock.
Heavier anchovy landings increase fishmeal supply and weigh on prices, which lowers protein feed costs for buyers. The effect is likely modest unless catches stay strong.
undercurrentnews.comMatilde MereghettiJun 9, 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.
