# Not Much Good News for Feed Buyers Ahead

> CoBank projects a 12% rise in US animal protein feed costs for 2021, with hog producers facing the steepest inflation in early 2021. USDA expects US corn exports to rise to 24% of the crop from 15% a year earlier, driven by China's record feed imports.

- Date: 2020-12-21 · published 2020-12-21T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/49771-not-much-good-news-for-feed-buyers-ahead
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Strong Chinese feed demand and expanding US corn export share point to firmer corn and soymeal prices, which will squeeze livestock margins through 2021.

## Read by commodity

- SBM: bullish ▲
- CORN: bullish ▲
- HOGS: bearish ▼
- CHICKEN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-09-13 | [September WASDE offers limited good news for growers - High Plains Journal](https://feedsoft.ai/events/9440-september-wasde-offers-limited-good-news-for-growers-high-plains-journal.md) | +3.9% | +5.5% |
| CORN | 2025-02-10 | [Corn up, wheat down ahead of WASDE numbers - Brownfield Ag News](https://feedsoft.ai/events/11102-corn-up-wheat-down-ahead-of-wasde-numbers-brownfield-ag-news.md) | +2.8% | -4.7% |
| CORN | 2019-02-07 | [Grain Barge Tonnages Drop in 2018 \| Feed & Grain News](https://feedsoft.ai/events/60485-grain-barge-tonnages-drop-in-2018-feed-and-grain-news.md) | +0.9% | -1.6% |
| CORN | 2020-03-11 | [China's feed demand downturn not as severe as expected - Brownfield Ag News](https://feedsoft.ai/events/54124-china-s-feed-demand-downturn-not-as-severe-as-expected-brownfield-ag-news.md) | -6.0% | -3.6% |
| CORN | 2017-02-08 | [Soybeans, corn, wheat up ahead of USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/8600-soybeans-corn-wheat-up-ahead-of-usda-numbers-brownfield-ag-news.md) | +0.9% | +0.3% |
| SBM | 2020-03-11 | [China's feed demand downturn not as severe as expected - Brownfield Ag News](https://feedsoft.ai/events/54124-china-s-feed-demand-downturn-not-as-severe-as-expected-brownfield-ag-news.md) | +0.8% | -0.7% |
| SBM | 2017-02-08 | [Soybeans, corn, wheat up ahead of USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/8600-soybeans-corn-wheat-up-ahead-of-usda-numbers-brownfield-ag-news.md) | +1.1% | -2.8% |
| SBM | 2018-09-12 | [Corn, wheat down following USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/62984-corn-wheat-down-following-usda-numbers-brownfield-ag-news.md) | -4.4% | -0.2% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/livestock/article/2020/12/21/much-good-news-feed-buyers-ahead

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