# Processing plant shutdowns boost animal feed demand | Feed Strategy

> Rabobank's August 2020 North American Agribusiness Review says feed demand rose in the first half of 2020 during plant shutdowns, with corn demand up 0.4% and soymeal up 0.7%. It also notes a volatile corn year, with derecho losses estimated at 325 to 375 million bushels in Iowa.

- Date: 2020-09-11 · published 2020-09-11T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/51231-processing-plant-shutdowns-boost-animal-feed-demand-feed-strategy
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Higher feed use and the estimated Iowa crop loss support corn and soymeal values, though Rabobank says the market has been slow to react.

## Read by commodity

- SBM: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-08-25 | [Growing demand for corn, soybeans driving up prices \| Feed Strategy](https://feedsoft.ai/events/51666-growing-demand-for-corn-soybeans-driving-up-prices-feed-strategy.md) | +5.7% | +13.3% |
| SOY | 2020-05-26 | [Soybean prices expected to fall despite growing demand \| Feed Strategy](https://feedsoft.ai/events/53461-soybean-prices-expected-to-fall-despite-growing-demand-feed-strategy.md) | +0.9% | +5.2% |
| SOY | 2021-07-15 | [Commodity crop prices hinge on drought, ethanol demand \| Feed Strategy](https://feedsoft.ai/events/46170-commodity-crop-prices-hinge-on-drought-ethanol-demand-feed-strategy.md) | -1.9% | -4.2% |
| SOY | 2025-11-06 | [U.S. Grain Prices Drop Amid Federal Government Shutdown and Export Reporting Delays](https://feedsoft.ai/events/8215-u-s-grain-prices-drop-amid-federal-government-shutdown-and-export-reporting.md) | +0.1% | -0.0% |
| SOY | 2021-03-01 | [North American producers seeing higher meat, grain prices \| Feed Strategy](https://feedsoft.ai/events/12937-north-american-producers-seeing-higher-meat-grain-prices-feed-strategy.md) | +2.1% | -0.3% |
| CORN | 2019-12-12 | [China’s animal feed demand to rebound by 8% in 2020 \| Feed Strategy](https://feedsoft.ai/events/55584-china-s-animal-feed-demand-to-rebound-by-8-in-2020-feed-strategy.md) | +5.5% | +5.7% |
| CORN | 2018-05-02 | [Growing pork demand, efficiency gains fuel pig production \| Feed Strategy](https://feedsoft.ai/events/64998-growing-pork-demand-efficiency-gains-fuel-pig-production-feed-strategy.md) | +1.4% | +1.9% |
| CORN | 2019-11-18 | [Europe’s animal feed sector more reliant on imports \| Feed Strategy](https://feedsoft.ai/events/56193-europe-s-animal-feed-sector-more-reliant-on-imports-feed-strategy.md) | +0.0% | +2.0% |

## Sources

- feedstrategy.com: https://www.feedstrategy.com/latest-news/article/15441632/processing-plant-shutdowns-boost-animal-feed-demand

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