# Decoding the price fluctuations of 2020 feed byproducts - High Plains Journal

> A feed nutritionist explains how 2020's COVID-19 slowdown reduced ethanol output, which in turn cut production of dried distillers grains used in cattle rations. Byproduct feed prices are tied to the value of primary products such as oil, flour, ethanol and sweeteners.

- Date: 2020-11-20 · published 2020-11-20T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/50261-decoding-the-price-fluctuations-of-2020-feed-byproducts-high-plains-journal
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Cottonseed Meal](https://feedsoft.ai/c/CSM.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md)

## Why it matters

Lower ethanol runs cut DDGS supply and make cattle rations more dependent on other byproducts, which can firm those meals' prices.

## Read by commodity

- CORN: neutral
- DDGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-07-23 | [High production, competing proteins, closed foreign markets challenge U.S. chicken industry](https://feedsoft.ai/events/58239-high-production-competing-proteins-closed-foreign-markets-challenge-u-s-chicken.md) | +0.9% | -10.8% |
| CORN | 2024-12-19 | [Market Perspectives - December 19, 2024 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/11563-market-perspectives-december-19-2024-u-s-grains-and-bioproducts-council.md) | +2.0% | +7.4% |
| CORN | 2022-01-24 | [Optimism, higher cattle prices to start 2022](https://feedsoft.ai/events/43088-optimism-higher-cattle-prices-to-start-2022.md) | +1.9% | +6.8% |
| CORN | 2020-03-01 | [Coronavirus fears dampening canola futures \| The Western Producer](https://feedsoft.ai/events/12542-coronavirus-fears-dampening-canola-futures-the-western-producer.md) | +1.7% | -3.5% |
| CORN | 2021-06-25 | [What a bucket of chicken wings might tell the Fed](https://feedsoft.ai/events/46743-what-a-bucket-of-chicken-wings-might-tell-the-fed.md) | +5.6% | -5.6% |
| SBM | 2022-06-06 | [Businesses are starting to feel the impact of exchange rate fluctuations.](https://feedsoft.ai/events/41262-businesses-are-starting-to-feel-the-impact-of-exchange-rate-fluctuations.md) | +3.1% | +9.5% |
| SBM | 2022-04-28 | [Poor Chinese hog margins to weigh on feed grain price outlook \| The Land \| NSW](https://feedsoft.ai/events/41839-poor-chinese-hog-margins-to-weigh-on-feed-grain-price-outlook-the-land-nsw.md) | -4.9% | -6.0% |
| SBM | 2023-08-21 | [Soybean meal in Russia has risen in price against the background of the weakening of the ruble](https://feedsoft.ai/events/34669-soybean-meal-in-russia-has-risen-in-price-against-the-background-of-the.md) | +2.6% | -3.1% |

## Sources

- hpj.com: https://hpj.com/2020/11/20/decoding-the-price-fluctuations-of-2020-feed-byproducts/

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