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US livestock producers are facing shortages of drugs and feed ingredients, including dry lysine, which ADM ended producing this year. Producers are shifting to more soybean meal in pig diets to replace lysine.
That shift has helped lift Chicago soybean meal futures.
Substituting soybean meal for lysine increases soymeal demand and supports its price, while higher feed costs squeeze hog and poultry margins.
reuters.comP.j. HuffstutterNov 18, 2021Not enough comparable past events yet for a historical read.
Not 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.
