# Fishmeal Soars While Hog Prices Plunge: A Roundup of Livestock Market Contrasts

> Peruvian super fishmeal spot prices reached 25,700-26,500 yuan/tonne, a new record, after Peru cancelled its second anchovy season for 2026. National port fishmeal inventories fell to 113,800 tonnes. Meanwhile, listed hog producers reported continued losses as pig prices declined.

- Date: 2026-11-03 · published 2026-11-03T03:14:28.012Z
- Category: weather · region Peru · magnitude medium
- Page: https://feedsoft.ai/events/76959-fishmeal-soars-while-hog-prices-plunge-a-roundup-of-livestock-market-contrasts
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Peru's season cancellation removes a large share of global fishmeal supply, which keeps fishmeal expensive and pushes feed makers toward substitutes such as soybean meal. Lower hog prices, however, weaken demand for premium feed inputs.

## Read by commodity

- HOGS: bearish ▼
- FISHMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2022-05-02 | [Grain markets close mostly lower in very volatile day of trade. Monday, May 2, 2022 03.05.2022 - UkrAgroConsult](https://feedsoft.ai/events/5841-grain-markets-close-mostly-lower-in-very-volatile-day-of-trade-monday-may-2.md) | +0.5% | +6.1% |
| HOGS | 2024-05-24 | [Pig outlook: Lean hog futures may be bottoming out
						 \| The Pig Site](https://feedsoft.ai/events/30396-pig-outlook-lean-hog-futures-may-be-bottoming-out-the-pig-site.md) | -0.4% | -2.0% |
| HOGS | 2016-08-03 | [Market Closes - August 3, 2016 - Kentucky Farm Bureau](https://feedsoft.ai/events/11076-market-closes-august-3-2016-kentucky-farm-bureau.md) | -3.2% | -9.3% |
| HOGS | 2022-12-23 | [CME Live cattle futures climb; November cattle placements drop](https://feedsoft.ai/events/7014-cme-live-cattle-futures-climb-november-cattle-placements-drop.md) | -0.2% | -10.0% |
| HOGS | 2018-09-11 | [Cattle, hog futures pressured by Florence - Brownfield Ag News](https://feedsoft.ai/events/63193-cattle-hog-futures-pressured-by-florence-brownfield-ag-news.md) | +4.5% | +26.4% |

## Sources

- chinafeedm.com: http://www.chinafeedm.com/h-nd-32727.html

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