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Some Norwegian salmon farmers are replacing part of the fishmeal and other traditional proteins in their feed with poultry by-product meal and oil, which are cheaper. The shift comes as marine ingredients become more expensive and harder to source, partly because Peru's anchovy fishing season was interrupted.
Peru's anchovy season cancellation tightens fishmeal supply and supports fishmeal prices, pushing aquaculture buyers toward poultry by-product substitutes.
Not 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.