U.S.A Menhaden Industry

A Global PerspectivePresented by Scott Herbert

Vice 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 1955

1957

1959

1961

1963

1965

1967

1969

1971

1973

1975

1977

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1981

1983

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2009

2011

0

100

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1000

0

100

200

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400

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Landing Fishing Effort

Metr

ic T

ons (

1000)

Vessel-Ton-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 Landings1955

1957

1959

1961

1963

1965

1967

1969

1971

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1975

1977

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1981

1983

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1987

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0

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0

500

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1500

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Landing Fishing Effort

Metr

ic T

ons (

1000)

Vessel-to

n-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

Metr

ic 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

Metr

ic T

ons (

000 M

T)

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%

Sesame0.02%

Source: NOAA

US Oil Production

2000

2002

2004

2006

2008

2010

0

20000

40000

60000

80000

100000

120000

140000

160000

Short

tons

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%

Sunflower7.53%

Rapeseed/Canola12.58%

Animal Fats12.72%

Palmkernel3.31%

Palm 30.05%

Coconut1.71%

Corn1.57%

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