# Feed costs impacted by growth of renewable diesel industry | Department of Economics

> An Iowa State economist says soybean meal and DDGS prices are each up about 11% from a year earlier, and complete feeds are up over 20%. Higher feed costs are weighing on hog profitability alongside compressed hog prices.

- Date: 2023-08-11 · published 2023-08-11T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34671-feed-costs-impacted-by-growth-of-renewable-diesel-industry-department-of
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Elevated feed input costs continue to squeeze livestock margins, which can reduce animal numbers and feed demand over time.

## Read by commodity

- SBM: bullish ▲
- DDGS: bullish ▲
- HOGS: bearish ▼

## Sources

- econ.iastate.edu: https://www.econ.iastate.edu/news/2023/feed-costs-impacted-growth-renewable-diesel-industry

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