# Animal nutrition costs pressure meat sector

> Brazilian corn prices reached new records as supply tightened, squeezing pork and chicken margins in the first quarter. Meat and bone meal prices remain supported by scarce cattle slaughter, and soymeal prices have eased from earlier highs but stay elevated.

- Date: 2021-03-26 · published 2021-03-26T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/48244-animal-nutrition-costs-pressure-meat-sector
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Meat & Bone Meal](https://feedsoft.ai/c/MBM.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Brazil's delayed safrinha corn harvest keeps domestic feed costs high until late July or August, and imports are uneconomic at the current exchange rate. Buyers should expect firm corn and protein costs through the period.

## Read by commodity

- MBM: bullish ▲
- SBM: neutral
- CORN: bullish ▲
- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-05-24 | [This week in grains, oilseeds, oils & animal nutrition - Expana](https://feedsoft.ai/events/30377-this-week-in-grains-oilseeds-oils-and-animal-nutrition-expana.md) | +0.6% | +1.3% |
| CORN | 2026-07-01 | [July Heat Wave Puts Midwest Corn and Soybeans Under Pressure](https://feedsoft.ai/events/12984-july-heat-wave-puts-midwest-corn-and-soybeans-under-pressure.md) | +3.0% | +5.1% |
| CORN | 2026-06-03 | [Drought and frosts put pressure on second-crop corn in the country - Cultivar Magazine](https://feedsoft.ai/events/13430-drought-and-frosts-put-pressure-on-second-crop-corn-in-the-country-cultivar.md) | -4.1% | -6.7% |
| CORN | 2026-04-23 | [Market Snapshot \| Costly inputs and weather burden global wheat production - Pro Farmer](https://feedsoft.ai/events/19768-market-snapshot-costly-inputs-and-weather-burden-global-wheat-production-pro.md) | +1.7% | +2.9% |
| CORN | 2026-02-11 | [Lack of rain pressures corn and soybeans in the South](https://feedsoft.ai/events/13451-lack-of-rain-pressures-corn-and-soybeans-in-the-south.md) | -0.5% | +1.7% |
| SBM | 2026-08-31 | [Corn sees slight gains as wheat takes profits - Brownfield Ag News](https://feedsoft.ai/events/17940-corn-sees-slight-gains-as-wheat-takes-profits-brownfield-ag-news.md) | +2.5% | +10.3% |
| SBM | 2023-11-21 | [Soybeans, corn, wheat close in positive territory - Brownfield Ag News](https://feedsoft.ai/events/12253-soybeans-corn-wheat-close-in-positive-territory-brownfield-ag-news.md) | -1.9% | -11.1% |
| SBM | 2020-02-20 | [Despite excess rainfall in the north, Argentina still expects to collect 53.1 million tons of soybeans — MercoPress](https://feedsoft.ai/events/54442-despite-excess-rainfall-in-the-north-argentina-still-expects-to-collect-53-1.md) | -0.6% | +3.8% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/animal-nutrition-costs-pressure-meat-sector/

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