
The Atlantic States Marine Fisheries Commission voted on November 10 to cut the allowable coastwide menhaden catch by 9% in 2027 and another 9% in 2028, a total of about 17%. The cut is smaller than conservationists wanted but larger than commercial fishers sought.
Menhaden are reduced into fish oil and fish meal, mainly by Omega Protein in the Chesapeake Bay.
A smaller menhaden catch reduces US fish meal and fish oil supply from 2027, which supports prices for these protein sources in feed. The cut is phased in and the US is a modest player in global fishmeal, so the effect is meaningful but not dominant.
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.