# Fishmeal & shrimp and Soybeans

Their prices have moved together.

Source page: https://www.materialinsights.org/links/fishmeal-and-shrimp-and-soybeans/

[Fishmeal & shrimp](https://www.materialinsights.org/commodities/seafood/) (commodity) and [Soybeans](https://www.materialinsights.org/commodities/soybeans/) (commodity): 1 relationship.

## How they are linked

### 1. Price link: substitute protein feed

*Cost and price · Moderate · Both ways*

Fishmeal and soybean meal are both protein for animal and fish feed, and feed mixers swap between them on price. The link is loose because fishmeal depends on Peruvian anchovy catches: monthly moves correlate at only 0.06, rising to 0.40 for yearly moves.

- **0.06** monthly change correlation
- **0.40** 12-month change correlation
- **0.55** fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.