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Rabobank's latest quarterly report says U.S. domestic feed prices remain firm, with alfalfa hay still well above its five-year average even as seasonal prices decline. Byproduct feeds are gaining appeal as corn and soybean meal prices have risen recently.
Hay exports to China and South Korea are running stronger year over year, while exports to Japan and the Gulf lag.
Higher corn and soymeal prices make DDGS and other byproducts a cheaper alternative in rations, supporting byproduct demand and hay prices for feed buyers.
feedstuffs.comOct 28, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
