# Feed ingredient availability low, keeping prices high | Feed Strategy

> Rabobank's October North American review finds feed grain substitutes such as barley, oats, rye, sorghum and wheat are scarce, limiting their ability to offset high corn prices. Dried distillers grains are pricier than soybean meal on a crude protein basis, and feed demand for soybean meal rose 2.4% year on year.

- Date: 2022-11-01 · published 2022-11-01T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/38736-feed-ingredient-availability-low-keeping-prices-high-feed-strategy
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Oats](https://feedsoft.ai/c/OATS.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Scarce substitutes and high DDGS prices keep feed ration costs elevated, supporting demand for soybean meal and corn in US feed formulation.

## Read by commodity

- SBM: bullish ▲
- CORN: bullish ▲
- DDGS: bullish ▲
- OATS: bullish ▲
- WHEAT: bullish ▲
- BARLEY: bullish ▲
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-04-17 | [USDA: Low corn prices spur greater feed use \| Feed Strategy](https://feedsoft.ai/events/30829-usda-low-corn-prices-spur-greater-feed-use-feed-strategy.md) | +0.2% | +2.7% |
| CORN | 2022-04-22 | [North America faces high feed prices, tight grain supply \| Feed Strategy](https://feedsoft.ai/events/41977-north-america-faces-high-feed-prices-tight-grain-supply-feed-strategy.md) | -0.2% | -2.1% |
| CORN | 2021-03-01 | [North American producers seeing higher meat, grain prices \| Feed Strategy](https://feedsoft.ai/events/12937-north-american-producers-seeing-higher-meat-grain-prices-feed-strategy.md) | +0.6% | +5.4% |
| CORN | 2021-08-17 | [Corn prices rise again after USDA cuts crop estimates \| Feed Strategy](https://feedsoft.ai/events/45597-corn-prices-rise-again-after-usda-cuts-crop-estimates-feed-strategy.md) | -2.8% | -11.4% |
| CORN | 2022-05-01 | [Ongoing Russia-Ukraine War Keeping Most Wholesale Fertilizer Prices High](https://feedsoft.ai/events/41768-ongoing-russia-ukraine-war-keeping-most-wholesale-fertilizer-prices-high.md) | -8.1% | -2.4% |
| SBM | 2020-09-11 | [Processing plant shutdowns boost animal feed demand \| Feed Strategy](https://feedsoft.ai/events/51231-processing-plant-shutdowns-boost-animal-feed-demand-feed-strategy.md) | +6.2% | +15.5% |
| SBM | 2020-04-21 | [The future of feed ingredients - Milling and Grain](https://feedsoft.ai/events/53761-the-future-of-feed-ingredients-milling-and-grain.md) | -0.1% | -0.2% |
| SBM | 2026-04-19 | [Slight hike in projected prices – AgriNews](https://feedsoft.ai/events/19753-slight-hike-in-projected-prices-agrinews.md) | -1.9% | +2.6% |

## Sources

- feedstrategy.com: https://www.feedstrategy.com/latest-news/article/15443193/feed-ingredient-availability-low-keeping-prices-high

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