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Ohio livestock producers are adjusting rations as feed costs rise, shifting some cattle diets toward forage and corn, wheat and sorghum-sudangrass rotations rather than shelled corn. The farmers say high crop prices benefit their row-crop side while feed costs pressure the feedlot.
Producers substituting forage and alternative grains for corn reduces feed demand for corn at the margin, but the overall effect on prices is modest.
ocj.comBrianna SmithMay 16, 2022Not 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.
