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The Alltech Agri-Food Outlook reports global feed tonnage of 1.29 billion metric tons in 2023, a 0.2% decline from 2022. Broiler, layer and pet feed grew while pig, dairy, beef, aqua and equine feed fell, with Asia-Pacific leading growth.
Slipping pig and dairy feed volumes point to softer demand for grains and protein meals, though the overall change is small and gradual.
dairyreporter.comJane ByrneApr 3, 2024After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
