Loading…
Ethanol plants are idling because of low oil prices during the COVID-19 pandemic, which is cutting DDGS availability and forcing pork producers to pull DDGS from swine diets. Kansas State nutritionist Bob Goodband advises returning to corn-soy diets and watching amino acid ratios and digestible phosphorus.
Losing DDGS shifts swine feed demand back toward corn and soybean meal, which supports those ingredients while weakening DDGS prices. Higher amino acid and phosphate use adds cost pressure on rations.
nationalhogfarmer.comAnn HessApr 9, 2020Not enough comparable past events yet for a historical read.
After 151 past bullish macro events, Corn moved a median +0.2% over 5 sessions (57% higher; middle half -0.9% to +1.4%), and -0.3% over 20.
After 44 past bullish macro events, Soybean Meal moved a median -0.6% over 5 sessions (34% higher; middle half -1.9% to +0.9%), and -2.9% over 20.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% 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.
