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Peru's government suspended all anchoveta fishing boats in June 2026, and the order escalated into a total fishery closure by mid-August. More than 90% of the anchoveta catch is processed into fishmeal and fish oil for global aquaculture and livestock markets.
The closure is attributed to a severe El Niño.
The loss of Peruvian anchoveta fishmeal tightens global supply of a key feed protein, which supports fishmeal prices and raises substitution demand for soybean meal and other proteins. Feed buyers should expect continued upward pressure while the closure lasts.
divineartsministry.comDelena FeilNov 14, 2026After 454 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% 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.
