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Feed ingredient prices stayed unusually stable over six weeks, with Omaha corn in a 10-cent range and Central Illinois soybean meal within a $10 band. USDA's April 9 WASDE raised the US corn export projection to 2.55 billion bushels, the largest since 2020-21.
Higher export projections support corn demand, but stable feed prices show limited near-term price pressure despite volatile energy and equity markets.
feedlotmagazine.comCourtesy of Livestock Marketing Information Center, BitsAndSplitsApr 16, 2025After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% 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.
