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An Engormix article notes soybean meal prices have risen since November 2021 and are projected to keep rising while the Ukraine-Russia conflict continues. Corn prices have followed a similar path, with Rabobank forecasting higher raw material prices amid drought in the US Southern Plains.
Persistent protein and energy ingredient inflation raises feed costs for livestock producers, supporting continued strength in soybean meal and corn prices.
en.engormix.comAnnafe PerinoMay 6, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
