# Why Chicken, Pork Prices Will Fall With Soy-Based Renewable Diesel Fuel - Bloomberg

> Bloomberg reports that expanding US soybean crushing for renewable diesel and jet fuel will produce more soymeal, which could cut feed costs. Lower feed costs would let meatpackers raise more animals and could lower retail meat prices. The article frames this as a likely downward pressure on chicken and pork prices.

- Date: 2024-01-28 · published 2024-01-28T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/32254-why-chicken-pork-prices-will-fall-with-soy-based-renewable-diesel-fuel-bloomberg
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Biofuel-driven crush adds soymeal supply and lowers feed costs, which is bearish for soymeal and meat prices. Soybean oil demand from renewable fuel is supportive for oil prices.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- HOGS: bearish ▼
- CHICKEN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2025-04-16 | [Montana Renewables CEO Calls for Doubling in Plant-Diesel Quotas - Bloomberg](https://feedsoft.ai/events/15130-montana-renewables-ceo-calls-for-doubling-in-plant-diesel-quotas-bloomberg.md) | +2.2% | +4.2% |
| SBO | 2016-11-28 | [EPA Renewable Fuel Standard Rallies Soybean Oil Prices - farmdoc daily](https://feedsoft.ai/events/73747-epa-renewable-fuel-standard-rallies-soybean-oil-prices-farmdoc-daily.md) | +2.3% | -5.6% |
| SBO | 2022-03-25 | [Soybean oil demand will expand as renewable diesel emerges as ideal biofuel - Indiana Corn and Soy](https://feedsoft.ai/events/15407-soybean-oil-demand-will-expand-as-renewable-diesel-emerges-as-ideal-biofuel.md) | -2.1% | +274.5% |
| SBO | 2021-11-12 | [Fuel the Crush: Renewable Diesel Pumps Up Soybean Demand](https://feedsoft.ai/events/15432-fuel-the-crush-renewable-diesel-pumps-up-soybean-demand.md) | -0.4% | -5.6% |
| SBO | 2023-02-24 | [Renewable diesel facilities will need a billion bushels of soybeans to meet needs](https://feedsoft.ai/events/15336-renewable-diesel-facilities-will-need-a-billion-bushels-of-soybeans-to-meet.md) | -1.4% | -9.6% |
| SBM | 2021-07-25 | [Soaring demand for soy renewable diesel will change markets - High Plains Journal](https://feedsoft.ai/events/45933-soaring-demand-for-soy-renewable-diesel-will-change-markets-high-plains-journal.md) | -0.2% | -0.4% |
| SBM | 2024-01-28 | [US Chicken Prices to Fall at Last Thanks to Green Fuel Boom \| Financial Post](https://feedsoft.ai/events/32282-us-chicken-prices-to-fall-at-last-thanks-to-green-fuel-boom-financial-post.md) | +1.7% | -5.1% |
| SBM | 2023-02-27 | [Soy oil demand soars amid renewable diesel growth \| CHS Inc.](https://feedsoft.ai/events/15333-soy-oil-demand-soars-amid-renewable-diesel-growth-chs-inc.md) | -0.4% | -9.6% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-01-28/why-us-chicken-pork-prices-will-fall-when-soy-based-renewable-diesel-ramps-up

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