# Livestock feed markets and the ‘big oil deficit’ - Manitoba Co-operator

> Analysts at the Canadian Animal Nutrition Conference said government biofuel mandates could expand global biofuel production from about 20 million tonnes to roughly 110 million tonnes. Vegetable oils and meat are the main factors underpinning the feed market, and the expansion is expected to shift the price structure.

- Date: 2024-06-05 · published 2024-06-05T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/29738-livestock-feed-markets-and-the-big-oil-deficit-manitoba-co-operator
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Diversion of vegetable oil into biofuels should lift soybean oil prices while leaving more meal in the market, which pushes soybean and canola meal prices lower.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-11-04 | [Edible oil demand in three biggest markets seen mixed - analyst Fry](https://feedsoft.ai/events/38778-edible-oil-demand-in-three-biggest-markets-seen-mixed-analyst-fry.md) | +2.6% | -5.9% |
| SBO | 2021-04-09 | [U.S. renewable fuels market could face feedstock deficit \| Reuters](https://feedsoft.ai/events/47456-u-s-renewable-fuels-market-could-face-feedstock-deficit-reuters.md) | +0.3% | +16.2% |
| SBO | 2022-04-26 | [Biofuel feedstocks supply and demand - two key challenges - Fastmarkets](https://feedsoft.ai/events/15399-biofuel-feedstocks-supply-and-demand-two-key-challenges-fastmarkets.md) | -2.4% | -4.2% |
| SBO | 2026-06-01 | [The low-carbon feedstock squeeze: why UCO, tallow and animal fats are becoming the most fought-over commodities in US biofuels  - Fastmarkets](https://feedsoft.ai/events/18931-the-low-carbon-feedstock-squeeze-why-uco-tallow-and-animal-fats-are-becoming.md) | -2.0% | -6.1% |
| SBO | 2023-07-25 | [Unpicking the Huge Rally in Oilseed Markets \| CZ app](https://feedsoft.ai/events/11933-unpicking-the-huge-rally-in-oilseed-markets-cz-app.md) | -8.7% | -8.5% |
| SBM | 2021-05-04 | [China moves to cut corn, soy in feed rations - Manitoba Co-operator](https://feedsoft.ai/events/47096-china-moves-to-cut-corn-soy-in-feed-rations-manitoba-co-operator.md) | +6.2% | -5.0% |
| SBM | 2018-11-26 | [China’s New Feed Standards May Bring Radical Changes to Soybeans, Feed, and Livestock-Farming - Rabobank](https://feedsoft.ai/events/62039-china-s-new-feed-standards-may-bring-radical-changes-to-soybeans-feed-and.md) | +0.8% | +0.6% |
| SBM | 2026-07-26 | [Biofuel Mandates Test Capacity and Soybean Oil Demand - RFD](https://feedsoft.ai/events/15007-biofuel-mandates-test-capacity-and-soybean-oil-demand-rfd.md) | -4.7% | -4.2% |

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/livestock/livestock-feed-markets-and-the-big-oil-deficit/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.