
The Atlantic States Marine Fisheries Commission voted to tie the Chesapeake Bay harvest cap to 21.8% of the coastwide total allowable catch. It also voted to cut the total allowable catch by about 17%, phased over the next two seasons.
The bay cap will fall to 33,847 metric tons by 2028, and Virginia voted against all the changes.
Menhaden is a key reduction fishery input for fishmeal and fish oil on the US East Coast, so a lower quota reduces supply. This supports fishmeal prices, though the effect is modest in a global market.
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.