Projections for feed prices up sharply: USDA

After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.

• Nov 10, 2020USDA reduces 2020 corn, soybean projections+9.7%
• Oct 12, 2020USDA milk production, price and feed cost projections all raised - Progressive Dairy | Ag Proud+2.1%
• Mar 12, 2020FAO Food Price Index rises sharply-7.4%
• Sep 11, 2020USDA: Milk output forecast raised; smaller harvest boosts feed price projections - Progressive Dairy | Ag Proud+4.5%
• Apr 17, 2024USDA: Low corn prices spur greater feed use | Feed Strategy+0.2%

After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.

• Oct 12, 2020USDA milk production, price and feed cost projections all raised - Progressive Dairy | Ag Proud+1.2%
• Dec 15, 2020Surging feed prices will test recovery in US animal protein production+8.3%
• Apr 19, 2026Slight hike in projected prices – AgriNews-1.9%
• May 10, 2024USDA Lowers Estimates for Brazil Corn and Soy Production-0.6%
• Apr 9, 2026USDA raises price estimates for several commodities | Agri-Pulse Communications, Inc.+5.8%