# Cost of animal feed may remain low for next decade | Feed Strategy

> An industry outlook says prices for corn, wheat and soybeans are unlikely to recover soon because of African swine fever and the US-China trade war. Rabobank estimates the trade war cut soybean values by US$1-1.50 per bushel and ASF by another 50 cents, and it expects corn near $3.80 per bushel.

- Date: 2019-11-08 · published 2019-11-08T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/56181-cost-of-animal-feed-may-remain-low-for-next-decade-feed-strategy
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A prolonged low-price outlook for grains and soymeal keeps feed ingredient costs low for buyers over the coming years.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-04-30 | [High grain prices alter feeding, trade patterns \| Feed Strategy](https://feedsoft.ai/events/47677-high-grain-prices-alter-feeding-trade-patterns-feed-strategy.md) | +5.0% | -2.1% |
| CORN | 2019-08-22 | [What's coming for the $45bn Chinese animal feed market?
						 \| The Pig Site](https://feedsoft.ai/events/57567-what-s-coming-for-the-45bn-chinese-animal-feed-market-the-pig-site.md) | +2.4% | +1.3% |
| CORN | 2018-08-26 | [Local feed prices are likely to remain firm for foreseeable future](https://feedsoft.ai/events/63606-local-feed-prices-are-likely-to-remain-firm-for-foreseeable-future.md) | +0.5% | +0.9% |
| CORN | 2024-06-01 | [Impacts of Mexico’s Proposed GMO Ban for US and Global Corn Trade](https://feedsoft.ai/events/30210-impacts-of-mexico-s-proposed-gmo-ban-for-us-and-global-corn-trade.md) | -1.6% | -6.0% |
| CORN | 2020-07-02 | [Global Sales of U.S. Ethanol and DDGS Contract in May](https://feedsoft.ai/events/52106-global-sales-of-u-s-ethanol-and-ddgs-contract-in-may.md) | +0.9% | -6.0% |
| SOY | 2018-08-08 | [China has expanded the use of low protein animal feed formulas](https://feedsoft.ai/events/63515-china-has-expanded-the-use-of-low-protein-animal-feed-formulas.md) | -2.8% | -7.2% |
| SOY | 2019-03-06 | [US soy exports to China may never match prior levels \| Feed Strategy](https://feedsoft.ai/events/60120-us-soy-exports-to-china-may-never-match-prior-levels-feed-strategy.md) | -1.8% | -0.1% |
| SOY | 2019-08-16 | [China's animal feed push for self-reliance as trade war intensifies - CGTN](https://feedsoft.ai/events/57648-china-s-animal-feed-push-for-self-reliance-as-trade-war-intensifies-cgtn.md) | -0.2% | +3.1% |

## Sources

- feedstrategy.com: https://www.feedstrategy.com/latest-news/article/15440906/cost-of-animal-feed-may-remain-low-for-next-decade

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