# 2021 Feed ingredient prices among the highest in the last decade  | The National Provisioner

> The National Provisioner says 2021 feed ingredient prices will be among the highest in a decade, citing drought in parts of the Corn Belt and Southwest, high oil prices, and tight carryover after poor 2019 crops. Brazil's crop conditions are also cited as a factor. The author warns that continued dryness in July could produce a more severe situation.

- Date: 2021-08-19 · published 2021-08-19T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/45674-2021-feed-ingredient-prices-among-the-highest-in-the-last-decade-the-national
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Low corn and soybean carryover leaves little supply cushion, so any further drought or production shortfall would likely push feed grain and meal prices higher.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-08-09 | [Coping with high feed prices, drought in 2022
						 \| The Cattle Site](https://feedsoft.ai/events/40182-coping-with-high-feed-prices-drought-in-2022-the-cattle-site.md) | +2.0% | -0.1% |
| CORN | 2021-10-18 | [Higher feed prices this winter](https://feedsoft.ai/events/44681-higher-feed-prices-this-winter.md) | +1.5% | +13.0% |
| CORN | 2018-08-09 | [European drought pushing biofuel feedstock prices higher  : The Daily Digest](https://feedsoft.ai/events/63536-european-drought-pushing-biofuel-feedstock-prices-higher-the-daily-digest.md) | -8.4% | -9.8% |
| CORN | 2021-10-22 | [Expect higher feed prices this winter \| Western Livestock Journal](https://feedsoft.ai/events/44689-expect-higher-feed-prices-this-winter-western-livestock-journal.md) | +3.5% | +10.0% |
| CORN | 2022-12-30 | [Third La Nina Year Influenced Lower Production, Forage Shortages and Higher Grain Prices](https://feedsoft.ai/events/38160-third-la-nina-year-influenced-lower-production-forage-shortages-and-higher.md) | -2.1% | -0.5% |
| SOY | 2017-11-21 | [Farming News - Rabobank: Weather event among threats to global food price stability in 2018](https://feedsoft.ai/events/67910-farming-news-rabobank-weather-event-among-threats-to-global-food-price.md) | +0.3% | -3.4% |
| SOY | 2021-03-11 | [Northern Ireland Grain Trade Association - TIGHT SUPPLY DRIVES UP FEED AND FERTILISER PRICES](https://feedsoft.ai/events/48430-northern-ireland-grain-trade-association-tight-supply-drives-up-feed-and.md) | +0.4% | +0.3% |
| SOY | 2023-01-23 | [Protein Feed Prices Rising \| Helping farmers in Scotland](https://feedsoft.ai/events/37907-protein-feed-prices-rising-helping-farmers-in-scotland.md) | +0.2% | +1.4% |

## Sources

- provisioneronline.com: https://www.provisioneronline.com/articles/111370-2021-feed-ingredient-prices-among-the-highest-in-the-last-decade

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