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Evonik's poultry nutrition manager says COVID-19 is pushing some animal producers to reformulate feed due to ingredient shortages. The biggest impact has been on DDGS production, which fell sharply after ethanol output dropped following the pandemic declaration in March 2020.
Lower ethanol output cuts DDGS supply, tightening availability of this corn-based feed ingredient and supporting its price, while pushing formulators toward substitutes.
wattagnet.comAustin AlonzoJun 12, 2020Not enough comparable past events yet for a historical read.
After 145 past neutral disease events, CORN moved a median +0.4% over 5 sessions (58% higher; middle half -1.2% to +1.7%), and +0.0% 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.
