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A trade commentary describes 2019 as the most challenging crop year on record for dairy, with a multiyear hay shortage, poor forage quality and mycotoxin issues. It says high-quality fiber and energy feeds will be at a premium in 2020.
Tight forage and grain supplies with quality problems raise demand for high-energy feeds and byproducts, supporting prices for quality feed ingredients.
hoards.comJohn Kappelman, CERCO GroupMar 10, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
