# Facing higher feed costs

> University of Illinois professor Mike Hutjens reports dairy farmers face corn prices that rose from $3 to over $6 a bushel and soybean meal up $100 a ton. He cites 2020 drought yield losses, expanded exports, a compromised Brazilian crop and ethanol plant restarts as drivers.

- Date: 2021-06-10 · published 2021-06-10T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/46675-facing-higher-feed-costs
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Higher corn and meal costs squeeze feed budgets, and the stated drivers suggest elevated prices remain supported by tight supply and strong demand.

## Read by commodity

- SBM: bullish ▲
- CORN: bullish ▲

## Sources

- hoards.com: https://hoards.com/article-30346-facing-higher-feed-costs.html

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