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The Atlantic States Marine Fisheries Commission approved Addendum II, which ties the Chesapeake Bay industrial menhaden cap to the coastwide limit. The Bay cap falls from 51,000 t to 37,123 t in 2027 and 33,847 t in 2028, and the coastwide limit drops to 170,000 t in 2027 and 155,000 t in 2028.
Menhaden is a key raw material for reduction fishmeal and fish oil, so lower catch limits cut available supply and support fishmeal and fish oil prices.
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.