# U.S. grains: Soybeans drop as livestock markets drag soymeal lower - Grainews

> Chicago soybean futures fell more than 1% on April 14 as soymeal dropped to life-of-contract lows. Several US meat plants had temporarily closed after COVID-19 outbreaks among workers, raising fears of livestock backing up on feedlots and farms. Wheat and corn also eased.

- Date: 2020-04-14 · published 2020-04-14T12:00:00.000Z
- Category: disease · region US · magnitude medium
- Page: https://feedsoft.ai/events/53721-u-s-grains-soybeans-drop-as-livestock-markets-drag-soymeal-lower-grainews
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Plant closures cut feed demand for soymeal, which pulls down soybean crush economics and soybean prices. Livestock backlogs add pressure on feed demand until processing capacity returns.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-05-27 | [African Swine Fever shaking up world soybean market: USDA - Grain Central](https://feedsoft.ai/events/59150-african-swine-fever-shaking-up-world-soybean-market-usda-grain-central.md) | +5.9% | +9.6% |
| SOY | 2019-04-22 | [Pork and Soybean Markets Adjust to African Swine Fever - ProAg](https://feedsoft.ai/events/59588-pork-and-soybean-markets-adjust-to-african-swine-fever-proag.md) | -3.0% | -6.7% |
| SOY | 2021-11-26 | [First Thing Today: Grain, livestock markets expected to face pressure from global risk-off trade after Thanksgiving - Pro Farmer](https://feedsoft.ai/events/11600-first-thing-today-grain-livestock-markets-expected-to-face-pressure-from-global.md) | -1.8% | +5.2% |
| SOY | 2019-08-28 | [Column: U.S. corn, soy sales at 14-year low with new marketing year days away](https://feedsoft.ai/events/5703-column-u-s-corn-soy-sales-at-14-year-low-with-new-marketing-year-days-away.md) | +1.9% | +5.1% |
| SOY | 2020-03-31 | [The price of sunflower and soybean in Ukraine in the near future may be reduced](https://feedsoft.ai/events/54255-the-price-of-sunflower-and-soybean-in-ukraine-in-the-near-future-may-be-reduced.md) | -3.0% | -6.4% |
| SBM | 2019-05-27 | [African Swine Fever shaking up world soybean market: USDA - Grain Central](https://feedsoft.ai/events/59150-african-swine-fever-shaking-up-world-soybean-market-usda-grain-central.md) | +6.7% | +5.7% |
| SBM | 2019-04-22 | [Pork and Soybean Markets Adjust to African Swine Fever - ProAg](https://feedsoft.ai/events/59588-pork-and-soybean-markets-adjust-to-african-swine-fever-proag.md) | -1.1% | -2.9% |
| SBM | 2019-11-21 | [Soybean meal: ASP cases in Poland paralyze the market](https://feedsoft.ai/events/56127-soybean-meal-asp-cases-in-poland-paralyze-the-market.md) | -2.0% | -0.5% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-soybeans-drop-as-livestock-markets-drag-soymeal-lower/

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