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Analysis finds livestock feed demand for corn has been muted despite high corn prices near $6 per bushel. It notes drought and limited hay supplies in the Plains and West, and slower slaughter due to COVID-19 and labor shortages.
Weak feed demand at high corn prices limits support for corn, while drought-driven herd constraints reduce cattle feeding expansion.
farmprogress.comJacqueline HollandFeb 3, 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.
