# Todd's Take

> Farm analysts warn that COVID-19 shutdowns of meat plants and restaurants have cut demand for livestock and feed, with China's pork sector hit earlier. Soy Transportation Coalition's Mike Steenhoek says row-crop farmers are feeling the knock-on effects through reduced meal demand and transport issues.

- Date: 2020-04-17 · published 2020-04-17T12:00:00.000Z
- Category: disease · region US · magnitude low
- Page: https://feedsoft.ai/events/53672-todd-s-take
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Lower meat production reduces demand for soybean meal and corn used in feed, weighing on crush margins and feed grain prices.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2020-02-20 | [U.S. livestock: Hogs weaken on profit taking, cattle mixed - Manitoba Co-operator](https://feedsoft.ai/events/12066-u-s-livestock-hogs-weaken-on-profit-taking-cattle-mixed-manitoba-co-operator.md) | -0.6% | +3.8% |
| SBM | 2019-01-16 | [Trade war, sick hogs make China soy purchases hard to predict: Braun](https://feedsoft.ai/events/61085-trade-war-sick-hogs-make-china-soy-purchases-hard-to-predict-braun.md) | +1.2% | +0.3% |
| SBM | 2019-10-03 | [Rabobank: China’s hog feed consumption to fall 40% \| Feed Strategy](https://feedsoft.ai/events/56565-rabobank-china-s-hog-feed-consumption-to-fall-40-feed-strategy.md) | +1.7% | +0.6% |
| SBM | 2020-05-12 | [Poultry sector takes a COVID-19 punch; charges on \| 2020-05-12  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/53281-poultry-sector-takes-a-covid-19-punch-charges-on-2020-05-12-agri-pulse.md) | -0.4% | +0.3% |
| SBM | 2020-03-23 | [Coronavirus outbreak brings Tamil Nadu’s poultry industry to its knees \| India News - The Indian Express](https://feedsoft.ai/events/54281-coronavirus-outbreak-brings-tamil-nadu-s-poultry-industry-to-its-knees-india.md) | -0.6% | -12.2% |
| CORN | 2020-03-03 | [Farm commodities take hit from coronavirus fears](https://feedsoft.ai/events/5310-farm-commodities-take-hit-from-coronavirus-fears.md) | +1.3% | +0.6% |
| CORN | 2022-05-20 | [Egg prices soar, supplies could tighten as war, cage-free transition & Avian flu take toll](https://feedsoft.ai/events/41406-egg-prices-soar-supplies-could-tighten-as-war-cage-free-transition-and-avian.md) | -1.3% | -1.3% |
| CORN | 2020-02-20 | [U.S. livestock: Hogs weaken on profit taking, cattle mixed - Manitoba Co-operator](https://feedsoft.ai/events/12066-u-s-livestock-hogs-weaken-on-profit-taking-cattle-mixed-manitoba-co-operator.md) | -2.4% | -7.1% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2020/04/17/bullish-riddle-soybeans?referrer=twitter

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