# Closure of US meat plants raises more concerns over long-term corn feed demand

> Temporary shutdowns at US meat plants to control COVID-19 are raising concerns about long-term corn demand from feed use. Analysts say reduced livestock slaughter could cut feed grain consumption over time.

- Date: 2020-04-23 · published 2020-04-23T12:00:00.000Z
- Category: disease · region US · magnitude medium
- Page: https://feedsoft.ai/events/53763-closure-of-us-meat-plants-raises-more-concerns-over-long-term-corn-feed-demand
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower animal numbers and slaughter reduce feed demand for corn, a bearish factor for corn prices, and also weigh on soymeal usage.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-04-15 | [More wheat feeding and pig disease outbreaks pose double threat to China soymeal demand \| Reuters](https://feedsoft.ai/events/47642-more-wheat-feeding-and-pig-disease-outbreaks-pose-double-threat-to-china.md) | +2.3% | +21.6% |
| CORN | 2021-03-17 | [Interest in Lysine decreases due to ASF concerns - All About Feed](https://feedsoft.ai/events/48037-interest-in-lysine-decreases-due-to-asf-concerns-all-about-feed.md) | +11.0% | +14.2% |
| CORN | 2021-03-10 | [Resurgence of African Swine Fever in China Threatens Global Grain Demand](https://feedsoft.ai/events/48100-resurgence-of-african-swine-fever-in-china-threatens-global-grain-demand.md) | -9.5% | -0.3% |
| CORN | 2021-04-22 | [ASF resurgence in China may slow imports of feedgrains \| The Western Producer](https://feedsoft.ai/events/47644-asf-resurgence-in-china-may-slow-imports-of-feedgrains-the-western-producer.md) | +11.6% | +9.8% |
| CORN | 2019-04-24 | [Impacts of African Swine Fever on China's Feed Industry and Soy Demand - Rabobank](https://feedsoft.ai/events/59584-impacts-of-african-swine-fever-on-china-s-feed-industry-and-soy-demand-rabobank.md) | -1.5% | +5.3% |
| SBM | 2021-04-15 | [More wheat feeding and pig disease outbreaks pose double threat to China soymeal demand \| Reuters](https://feedsoft.ai/events/47642-more-wheat-feeding-and-pig-disease-outbreaks-pose-double-threat-to-china.md) | +3.2% | +11.8% |
| SBM | 2019-02-28 | [China warns of “serious” impact of swine fever, cuts meal demand 5%](https://feedsoft.ai/events/60581-china-warns-of-serious-impact-of-swine-fever-cuts-meal-demand-5.md) | -1.0% | -0.2% |
| SBM | 2019-03-12 | [Swine fever hurts China soybean demand, raises doubts on trade promises](https://feedsoft.ai/events/60092-swine-fever-hurts-china-soybean-demand-raises-doubts-on-trade-promises.md) | +4.4% | +4.2% |

## Sources

- spglobal.com: https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/agriculture/042320-closure-of-us-meat-plants-raises-more-concerns-over-long-term-corn-feed-demand

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