Peru has suspended its anchoveta fishing season, and the suspension became a total closure in August 2026 because of a severe El Niño event. Peru is the world's leading fishmeal exporter, and the anchoveta catch supplies a large share of global fishmeal and fish oil.
The article reports that fishmeal prices have surged.
Anchoveta fishmeal is a core protein ingredient for feed buyers, so a near-total fishery closure removes a major supply source and pushes fishmeal prices higher. Buyers face tighter protein supply and higher costs until the season reopens.
After 21 past neutral weather events, Feeder Cattle moved a median +1.7% over 5 sessions (67% higher; middle half -0.1% to +2.3%), and -0.2% over 20.
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.