U.S.A Menhaden IndustryA Global Perspective

Presented by Scott HerbertVice President Market Development

Menhaden (Brevoortia tyrannus, Brevoortia patronus)

• Member of the Herring family• Short lifespan (1-3 years)• Surface feeder- Feed on

Phytoplankton- (low environmental contaminants)

• High oil yielding fish, naturally rich in EPA and DHA

• The female menhaden can lay up to 362,000 eggs. Typical 50,000 to 100,000

Menhaden Plant Locations

U.S Gulf Menhaden Landings 19

5519

5719

5919

6119

6319

6519

6719

6919

7119

7319

7519

7719

7919

8119

8319

8519

8719

8919

9119

9319

9519

9719

9920

0120

0320

0520

0720

0920

11

0

100

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1000

0

100

200

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Landing Fishing Effort

Met

ric T

ons

(100

0)

Vess

el-T

on-W

eek

* The peak number of Gulf plants was 14 in 1968 – TODAY 4 * Vessel count peaked at 82 vessels in 1965, 1971 and 1976 – TODAY 34* Highest fishing effort was 1983 at 655,800 vessel tons weeks – TODAY 350,000 * Highest catch year was 1984 with 982,100 MT – TODAY 500,00 MT

Gulf Menhaden Plants (1955-Present)

U.S Atlantic Menhaden Landings19

5519

5719

5919

6119

6319

6519

6719

6919

7119

7319

7519

7719

7919

8119

8319

8519

8719

8919

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9519

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0320

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0720

0920

11

0

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0

500

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Landing Fishing Effort

Met

ric T

ons

(100

0)

Vess

el-t

on-w

eeks

* There have been 36 plants, the peak was 25 plants in 1957 – TODAY 1* The most vessels was in 1955 with 150 – TODAY 7* Highest fishing effort was 1956 at 2,878,000 vessel ton weeks – TODAY 300,000* The peak catch was in 1956 at 712,100 MT – TODAY 170,000 MT

Atlantic Menhaden Plants (1955-Present)

Source: NOAA

US Meal Production

2007 2008 2009 2010 20110

50

100

150

200

250

300

Menhaden Alaska

Met

ric T

ons

(000

)

Source: IFFO

Fishmeal World Production

2007 2008 2009 2010 20110

1000

2000

3000

4000

5000

6000

4.5% 4.2% 4.3%

4.7%

4.9%

Peru Chile Thailand China, PR USAJapan Denmark Norway Iceland Other

Met

ric T

ons

(000

MT)

World Fishmeal Consumption

Source: Holtermann

Source: Oil World 2013

Global Oilseed Meal ProductionOctober 2012-September 2013f

Soya61.86%

Cotton7.07%

Groundnut1.82%

Sunflower5.37%

Rapeseed/Canola12.06%

Corngerm1.46%

Palmkernel2.54%

Copra0.66%

Fishmeal1.49%

Corngluten5.25%

Flaxseed0.41% Sesame

0.02%

Source: NOAA

US Oil Production

2000

2002

2004

2006

2008

2010

0

20000

40000

60000

80000

100000

120000

140000

160000

Shor

t to

ns

Source: IFFO

Fish Oil World Production

2007 2008 2009 2010 20110

200

400

600

800

1000

1200

7.2% 8.1%7.4%

6.9%

6.1%

Peru Chile USA Denmark Japan Iceland Vietnam China, PR Norway Other

Source: Holtermann

World Fish Oil Consumption

Source: Oil World 2013

Global Production Fats and OilsOctober 2012-September 2013f

Soya22.72%

Cotton2.50%Groundnut

1.97%Sunflower

7.53%

Rapeseed/Canola12.58%

Animal Fats12.72%Palmkernel

3.31%

Palm 30.05%

Coconut1.71%

Corn1.57%

Olive1.70% Sesame 0.45% Fish Oil 0.51% Flaxseed 0.34% Castor 0.34%