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Some U.S. ethanol plants have slowed production or shut down amid COVID-19 disruptions and cattle market volatility, according to the Iowa Beef Center. The resulting local shortages could limit corn co-product availability for cattle producers.
Lower co-product output reduces local DDGS supply for feedlots, pushing buyers toward soybean meal or urea substitutes and supporting protein feed prices.
feedstuffs.comMar 26, 2020After 1,054 past logistics events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.5%), and -0.0% over 20.
Not enough comparable past events yet for a historical read.
After 167 past bullish logistics events, Soybean Meal moved a median +0.5% over 5 sessions (54% higher; middle half -1.8% to +2.9%), and -1.2% 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.
