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A US Meat Export Federation study by World Perspectives found beef and pork exports drove one in four bushels of added corn feed demand and one in eight tons of added soybean meal demand. Red meat exports also contributed over 12% of the per-bushel corn price and 9% of soybean price.
Growing meat export demand supports feed grain and meal consumption, reinforcing the livestock-to-grain demand link that underpins corn and soymeal prices.
brownfieldagnews.comMeghan GrebnerJul 21, 2020After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% over 20.
After 85 past bullish trade events, Lean Hogs moved a median +0.8% over 5 sessions (54% higher; middle half -1.8% to +4.5%), and +4.0% over 20.
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.
