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eFeedLink reports that the share of salmon feed made up of fishmeal has dropped from 60% to under 20% as world fishmeal production has peaked and declined. Peru's fishmeal output reportedly fell 27% to an estimated 631,000 tonnes in 2016, and world output is back at mid-1970s levels of about 4.09 million tonnes.
Structurally lower fishmeal output and rising plant-based inclusion in aquafeed support demand for soybean meal and other plant proteins. Fishmeal supply constraints underpin prices over the longer term despite near-term softness.
efeedlink.comefeedlinkJan 23, 2017Not enough comparable past events yet for a historical read.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.
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.
