# Widespread rain takes pressure off some key feedlot ration commodities - Beef Central

> Feedlot ration commodity prices in eastern Australia have eased over the past month as widespread rain has improved pasture conditions. Cottonseed prices have fallen by at least $150/T since November, with spot near $500/T delivered Moree.

- Date: 2024-01-16 · published 2024-01-16T12:00:00.000Z
- Category: weather · region Australia · magnitude low
- Page: https://feedsoft.ai/events/32224-widespread-rain-takes-pressure-off-some-key-feedlot-ration-commodities-beef
- Commodities: [Cottonseed Meal](https://feedsoft.ai/c/CSM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Easing grazing pressure reduces producer demand for cottonseed, hay and grain as feed substitutes, lowering feed input costs for Australian lotfeeders.

## Read by commodity

- CSM: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-06-17 | [U.S. grains: Corn, soy plunge on weather, broad commodities sell-off - AgCanada](https://feedsoft.ai/events/5762-u-s-grains-corn-soy-plunge-on-weather-broad-commodities-sell-off-agcanada.md) | -2.4% | +2.5% |
| CORN | 2026-06-27 | [Growing conditions pressure crop prices in Ontario, U.S. Midwest](https://feedsoft.ai/events/11705-growing-conditions-pressure-crop-prices-in-ontario-u-s-midwest.md) | +1.0% | +2.7% |
| CORN | 2025-07-10 | [Climate Prediction Center sees 56% chance of ENSO neutral conditions in August-October](https://feedsoft.ai/events/23660-climate-prediction-center-sees-56-chance-of-enso-neutral-conditions-in-august.md) | -1.0% | -3.0% |
| CORN | 2024-11-14 | [Trump continues to cast doubt on grain market - Grains & Commodities Analysis \| Boerenbusiness. Nl](https://feedsoft.ai/events/12341-trump-continues-to-cast-doubt-on-grain-market-grains-and-commodities-analysis.md) | +0.2% | +0.4% |
| CORN | 2018-06-15 | [A bad combination for grain prices - Brownfield Ag News](https://feedsoft.ai/events/64552-a-bad-combination-for-grain-prices-brownfield-ag-news.md) | -1.3% | -6.2% |

## Sources

- beefcentral.com: https://www.beefcentral.com/lotfeeding/widespread-rain-takes-pressure-off-some-key-feedlot-ration-commodities/

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