# USDA Anticipates Mixed Bag For Protein Industry

> USDA livestock analyst Shayle Shagam forecast corn prices will be slightly higher this marketing year but lower next crop year, while soybean meal prices are expected to rise in 2020/2021. Hay supplies are reported up about 2% with quality concerns in some areas.

- Date: 2020-04-08 · published 2020-04-08T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/53764-usda-anticipates-mixed-bag-for-protein-industry
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

The forecast of higher soybean meal prices next year supports the protein complex, while expected lower corn prices ease feed costs for livestock producers.

## Read by commodity

- SBM: bullish ▲
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-08-15 | [Industry doubts on high USDA grain production figures  \| Farm Online \| ACT](https://feedsoft.ai/events/69395-industry-doubts-on-high-usda-grain-production-figures-farm-online-act.md) | -3.4% | -5.0% |
| CORN | 2023-02-01 | [Four Corn Industry Highlights for 2023 from the USDA Ag Outlook Forum](https://feedsoft.ai/events/37350-four-corn-industry-highlights-for-2023-from-the-usda-ag-outlook-forum.md) | +1.2% | -4.9% |
| CORN | 2019-04-09 | [Futures mixed after mixed USDA reports](https://feedsoft.ai/events/59544-futures-mixed-after-mixed-usda-reports.md) | +1.8% | -0.5% |
| CORN | 2018-09-12 | [USDA anticipates bigger U.S. corn, soybean supplies - Brownfield Ag News](https://feedsoft.ai/events/62986-usda-anticipates-bigger-u-s-corn-soybean-supplies-brownfield-ag-news.md) | -2.5% | -0.1% |
| CORN | 2019-03-08 | [Futures lower on mixed USDA news](https://feedsoft.ai/events/60035-futures-lower-on-mixed-usda-news.md) | +0.8% | +0.8% |
| SBM | 2018-02-19 | [Here's how fast USDA sees pork industry growing](https://feedsoft.ai/events/66648-here-s-how-fast-usda-sees-pork-industry-growing.md) | +1.0% | -3.9% |
| SBM | 2024-05-10 | [USDA Lowers Estimates for Brazil Corn and Soy Production](https://feedsoft.ai/events/30215-usda-lowers-estimates-for-brazil-corn-and-soy-production.md) | -0.6% | -2.8% |
| SBM | 2020-12-15 | [Surging feed prices will test recovery in US animal protein production](https://feedsoft.ai/events/49813-surging-feed-prices-will-test-recovery-in-us-animal-protein-production.md) | +8.3% | +20.7% |

## Sources

- pnwag.net: https://pnwag.net/usda-anticipates-mixed-bag-for-protein-industry/

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