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Feed One, a Japanese feed maker, reported a 32.8% rise in first-half operating profit. Livestock feed volumes were flat, but higher selling prices lifted that segment's profit by 26.4%.
Aquafeed profit fell by almost three-quarters as fishmeal costs rose.
Costlier fishmeal is squeezing aquafeed margins, which signals tight fishmeal supply and firm prices for buyers. Feed price increases passed through to Japanese livestock feed point to continued cost pressure on feed users.
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.