# Canada's Cows Binge on US Corn as Homegrown Barley Feed Gets Too Steep - Bloomberg

> Canadian cattle ranchers are buying US corn as a cheaper substitute for domestic feed barley, whose prices have soared. The shift follows a drought-driven change in trade flows last year that made Canada one of the biggest buyers of US Midwest corn.

- Date: 2022-11-15 · published 2022-11-15T12:00:00.000Z
- Category: trade · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/38759-canada-s-cows-binge-on-us-corn-as-homegrown-barley-feed-gets-too-steep-bloomberg
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Strong Canadian demand for US corn supports Midwest corn export prices, while expensive barley keeps feed substitution demand firm across the grain complex.

## Read by commodity

- CORN: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-12-14 | [China Is Planning to Buy U.S. Corn as Soon as January - Bloomberg](https://feedsoft.ai/events/61442-china-is-planning-to-buy-u-s-corn-as-soon-as-january-bloomberg.md) | +0.5% | +0.1% |
| CORN | 2017-02-08 | [France: Barley Export Grows In December, But Corn Export Is On The Fall](https://feedsoft.ai/events/72432-france-barley-export-grows-in-december-but-corn-export-is-on-the-fall.md) | +0.9% | +0.3% |
| CORN | 2018-11-12 | [Barley weakens, corn grows as Australia remembers the fallen - Grain Central](https://feedsoft.ai/events/62113-barley-weakens-corn-grows-as-australia-remembers-the-fallen-grain-central.md) | -6.7% | +0.1% |
| CORN | 2023-01-11 | [Feed weekly outlook: Corn imports still weigh on domestic feed market - AgCanada](https://feedsoft.ai/events/37848-feed-weekly-outlook-corn-imports-still-weigh-on-domestic-feed-market-agcanada.md) | +2.6% | +1.9% |
| CORN | 2021-04-29 | [Feeding Chickens Is So Costly It’s Changing Global Trade Flows - Bloomberg](https://feedsoft.ai/events/47747-feeding-chickens-is-so-costly-it-s-changing-global-trade-flows-bloomberg.md) | +5.9% | -6.0% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-11-15/canada-cows-binge-on-us-corn-as-homegrown-barley-feed-gets-too-steep

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