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Rabobank projects China's total animal feed demand will rebound 8% in 2020. Hog feed consumption is expected to bottom out in the first half of 2020 and rise 5%, while poultry feed grows faster as a pork substitute.
A feed demand recovery in China supports soymeal and corn demand, though the outcome of US-China trade talks will determine whether soymeal usage rebounds or feed corn and US sorghum/DDGS substitute in rations.
feedstrategy.comAnn ReusDec 12, 2019After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
Not 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.
