# High feed costs: How we got here and how to overcome them | Ag Proud

> HighGround Dairy's Curtis Bosma explains that corn price volatility returned in 2020-21 due to weather, massive Chinese imports and inflation. China's hog herd rebuild after African swine fever drove corn imports to a projected 26 million metric tons in 2020-21, up sharply from 7.6 million in 2019-20.

- Date: 2021-10-08 · published 2021-10-08T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/44691-high-feed-costs-how-we-got-here-and-how-to-overcome-them-ag-proud
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Large Chinese import demand for corn and soybeans tightened supplies and raised feed costs, and continued herd rebuilding would keep demand firm. The piece is explanatory rather than a new market event.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-02-23 | [With fertilizer costs high and seeds scarce, U.S. farmers turn to soy \| Reuters](https://feedsoft.ai/events/42759-with-fertilizer-costs-high-and-seeds-scarce-u-s-farmers-turn-to-soy-reuters.md) | +7.5% | +12.7% |
| CORN | 2022-10-21 | [Feed barley cost prompts Saudi Arabia to look elsewhere \| Stock Journal \| SA](https://feedsoft.ai/events/39213-feed-barley-cost-prompts-saudi-arabia-to-look-elsewhere-stock-journal-sa.md) | -0.9% | -1.4% |
| CORN | 2018-10-06 | [Weekly feed grain and protein report Oct 6 2018 - Hoan Duong J.S.C](https://feedsoft.ai/events/12057-weekly-feed-grain-and-protein-report-oct-6-2018-hoan-duong-j-s-c.md) | -0.3% | -0.4% |
| CORN | 2021-08-18 | [Doud projects high commodity prices through harvest 2022](https://feedsoft.ai/events/45419-doud-projects-high-commodity-prices-through-harvest-2022.md) | -1.4% | -10.1% |
| CORN | 2021-08-31 | [Blow for farmers as costs of feeds hit record high \| Daily Nation](https://feedsoft.ai/events/45679-blow-for-farmers-as-costs-of-feeds-hit-record-high-daily-nation.md) | -4.6% | -8.1% |
| SOY | 2022-02-23 | [With fertilizer costs high and seeds scarce, U.S. farmers turn to soy \| Reuters](https://feedsoft.ai/events/42759-with-fertilizer-costs-high-and-seeds-scarce-u-s-farmers-turn-to-soy-reuters.md) | +4.3% | +3.8% |
| SOY | 2018-10-06 | [Weekly feed grain and protein report Oct 6 2018 - Hoan Duong J.S.C](https://feedsoft.ai/events/12057-weekly-feed-grain-and-protein-report-oct-6-2018-hoan-duong-j-s-c.md) | -0.2% | +0.7% |
| SOY | 2021-08-18 | [Doud projects high commodity prices through harvest 2022](https://feedsoft.ai/events/45419-doud-projects-high-commodity-prices-through-harvest-2022.md) | -2.3% | -5.4% |

## Sources

- agproud.com: https://www.agproud.com/articles/54884-high-feed-costs-how-we-got-here-and-how-to-overcome-them

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