# Livestock producers see relief on feed prices | Farmtario

> Ontario livestock producers are seeing relief as corn and soybean prices trend lower from record highs. Analysts cite the USDA July 12 report projecting a record US corn crop and strong 2023-24 supplies, while farmers' broader costs for fuel, fertilizer and interest remain high.

- Date: 2023-07-24 · published 2023-07-24T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/35161-livestock-producers-see-relief-on-feed-prices-farmtario
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower corn and soy prices ease feed costs for livestock and feed buyers, though the ongoing downward pressure depends on the size of the US crop.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-01-18 | [Ag economist says livestock producers could see lower feed costs in 2024 – WZBD](https://feedsoft.ai/events/32255-ag-economist-says-livestock-producers-could-see-lower-feed-costs-in-2024-wzbd.md) | +1.1% | -5.6% |
| CORN | 2025-04-30 | [Increased corn acres driving higher fertilizer prices; farmers may see fuel price relief](https://feedsoft.ai/events/4277-increased-corn-acres-driving-higher-fertilizer-prices-farmers-may-see-fuel.md) | -1.7% | +0.6% |
| CORN | 2025-04-29 | [Feed sector sees relief as global grain, oilseed prices slide \| Feed Business Middle East & Africa - No.1 Publication for Animal Nutrition, Animal Health & Livestock Industry](https://feedsoft.ai/events/25199-feed-sector-sees-relief-as-global-grain-oilseed-prices-slide-feed-business.md) | -3.7% | -1.3% |
| CORN | 2021-09-30 | [U.S. Farmers Produced More Soybeans, Hold More Stocks, USDA Reports](https://feedsoft.ai/events/45037-u-s-farmers-produced-more-soybeans-hold-more-stocks-usda-reports.md) | +0.3% | +2.8% |
| CORN | 2023-10-01 | [Grain Prices “Steep Dive” Following Production, Stocks Reports \| Farm Policy News \| Illinois](https://feedsoft.ai/events/7137-grain-prices-steep-dive-following-production-stocks-reports-farm-policy-news.md) | +2.7% | +2.6% |
| SOY | 2019-07-30 | [Crop prices poised to stagnate: FAO \| Farmtario](https://feedsoft.ai/events/58164-crop-prices-poised-to-stagnate-fao-farmtario.md) | -4.0% | -3.6% |
| SOY | 2025-04-29 | [Feed sector sees relief as global grain, oilseed prices slide \| Feed Business Middle East & Africa - No.1 Publication for Animal Nutrition, Animal Health & Livestock Industry](https://feedsoft.ai/events/25199-feed-sector-sees-relief-as-global-grain-oilseed-prices-slide-feed-business.md) | -1.3% | +1.0% |
| SOY | 2021-09-30 | [U.S. Farmers Produced More Soybeans, Hold More Stocks, USDA Reports](https://feedsoft.ai/events/45037-u-s-farmers-produced-more-soybeans-hold-more-stocks-usda-reports.md) | -3.3% | -3.5% |

## Sources

- farmtario.com: https://farmtario.com/livestock/livestock-producers-see-relief-on-feed-prices/

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