# Projections for feed prices up sharply: USDA

> USDA's November Livestock, Dairy and Poultry Outlook raised feed price forecasts, with the 2020-21 corn price at $4.00/bushel, up 40 cents, and soybean meal at $355/short ton, up $20. Record US corn exports of 2.65 billion bushels are projected on strong Chinese imports and a cut in Ukrainian production.

- Date: 2020-11-30 · published 2020-11-30T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/50233-projections-for-feed-prices-up-sharply-usda
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Higher USDA corn and soymeal price projections, driven by record export demand and Ukrainian drought losses, point to higher feed costs for livestock and poultry buyers.

## Read by commodity

- SBM: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-11-10 | [USDA reduces 2020 corn, soybean projections](https://feedsoft.ai/events/12427-usda-reduces-2020-corn-soybean-projections.md) | +9.7% | +8.7% |
| CORN | 2020-10-12 | [USDA milk production, price and feed cost projections all raised - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/50754-usda-milk-production-price-and-feed-cost-projections-all-raised-progressive.md) | +2.1% | +5.7% |
| CORN | 2020-03-12 | [FAO Food Price Index rises sharply](https://feedsoft.ai/events/54057-fao-food-price-index-rises-sharply.md) | -7.4% | -3.7% |
| CORN | 2020-09-11 | [USDA: Milk output forecast raised; smaller harvest boosts feed price projections - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/51235-usda-milk-output-forecast-raised-smaller-harvest-boosts-feed-price-projections.md) | +4.5% | +5.3% |
| CORN | 2024-04-17 | [USDA: Low corn prices spur greater feed use \| Feed Strategy](https://feedsoft.ai/events/30829-usda-low-corn-prices-spur-greater-feed-use-feed-strategy.md) | +0.2% | +2.7% |
| SBM | 2020-10-12 | [USDA milk production, price and feed cost projections all raised - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/50754-usda-milk-production-price-and-feed-cost-projections-all-raised-progressive.md) | +1.2% | +5.3% |
| SBM | 2020-12-15 | [Surging feed prices will test recovery in US animal protein production](https://feedsoft.ai/events/49813-surging-feed-prices-will-test-recovery-in-us-animal-protein-production.md) | +8.3% | +20.7% |
| SBM | 2026-04-19 | [Slight hike in projected prices – AgriNews](https://feedsoft.ai/events/19753-slight-hike-in-projected-prices-agrinews.md) | -1.9% | +2.6% |

## Sources

- meatingplace.com: https://meatingplace.com/projections-for-feed-prices-up-sharply-usda/

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