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Livestock producers have lost easy access to distillers grains as the COVID-19 slowdown cut ethanol output, forcing cattle and hog feeders to return to corn-based rations. Iowa State's Dan Loy describes the scramble to adjust feed formulations.
Reduced DDGS availability raises feed costs for ruminant and hog producers and shifts demand toward corn, supporting corn prices while lowering DDGS demand.
agupdate.comFile photoJul 25, 2020agupdate.comJul 25, 2020Not 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.
