# Surging feed prices will test recovery in US animal protein production

> CoBank forecasts that US livestock and poultry producers will face 12% higher feed costs in 2021, the largest increase since 2011. The forecast cites corn futures above $4 per bushel and soybean meal around $350 per ton.

- Date: 2020-12-15 · published 2020-12-15T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/49813-surging-feed-prices-will-test-recovery-in-us-animal-protein-production
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Higher corn and soybean meal prices raise feed costs for cattle, hog and chicken producers, which squeezes margins and could limit herd and flock rebuilding.

## Read by commodity

- SBM: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-01-28 | [3.7% rise in animal feed production](https://feedsoft.ai/events/73101-3-7-rise-in-animal-feed-production.md) | +2.0% | +1.2% |
| CORN | 2019-12-19 | [China Hog Production Seeing Slight Recovery Amid Measures](https://feedsoft.ai/events/55587-china-hog-production-seeing-slight-recovery-amid-measures.md) | +0.5% | +0.7% |
| CORN | 2023-05-15 | [US Egg Production, Retail Sales to Rise in Volume Terms to 2027 Amid Recovery from Avian Flu](https://feedsoft.ai/events/35950-us-egg-production-retail-sales-to-rise-in-volume-terms-to-2027-amid-recovery.md) | -8.8% | -9.3% |
| CORN | 2020-12-02 | [Surging grain prices add to inflation unease \| Saxo](https://feedsoft.ai/events/11431-surging-grain-prices-add-to-inflation-unease-saxo.md) | -0.1% | +3.3% |
| CORN | 2025-12-17 | [US ethanol production at fresh record high, exports highest in over a year](https://feedsoft.ai/events/21504-us-ethanol-production-at-fresh-record-high-exports-highest-in-over-a-year.md) | +1.1% | -3.0% |
| SBM | 2017-01-28 | [3.7% rise in animal feed production](https://feedsoft.ai/events/73101-3-7-rise-in-animal-feed-production.md) | -3.3% | -3.5% |
| SBM | 2019-12-19 | [China Hog Production Seeing Slight Recovery Amid Measures](https://feedsoft.ai/events/55587-china-hog-production-seeing-slight-recovery-amid-measures.md) | -1.1% | -0.8% |
| SBM | 2025-03-04 | [Revealed: Decline in animal protein meals and fats usage in US livestock feed - Milling and Grain](https://feedsoft.ai/events/25701-revealed-decline-in-animal-protein-meals-and-fats-usage-in-us-livestock-feed.md) | +1.6% | +1.1% |

## Sources

- foodnavigator.com: https://www.foodnavigator.com/Article/2020/12/15/Surging-feed-prices-will-test-recovery-in-US-animal-protein-production/

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