USDA to livestock producers: feed costs are going up

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.

• Jul 12, 2024USDA Hikes Corn Production, but Lowers 2024-25 Corn Ending Stocks-2.4%
• May 13, 2022USDA: U.S. Corn Production to Drop 4.3%-1.0%
• Apr 9, 2021Rising feed prices impact cattle markets | Western Livestock Journal+1.1%
• Dec 9, 2025USDA Lowers U.S. Corn Ending Stocks More Than Expected+0.1%
• Oct 12, 2020USDA milk production, price and feed cost projections all raised - Progressive Dairy | Ag Proud+2.1%

After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.

• Mar 20, 2023USDA lowers global oilseed production forecast due to plunging…-3.3%
• Oct 9, 2020USDA Lowers Soybean Ending Stocks, Trims Production+1.2%
• May 10, 2024USDA Lowers Estimates for Brazil Corn and Soy Production+2.0%
• Nov 17, 2025USDA lowers global oilseed production forecast, including soybeans, but quotes are falling+1.1%
• Apr 10, 2025USDA Lowers Corn Ending Stocks More Than Expected, Providing Market Support+2.6%

After 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.

• Mar 20, 2023USDA lowers global oilseed production forecast due to plunging…-4.3%
• Mar 4, 2025Revealed: Decline in animal protein meals and fats usage in US livestock feed - Milling and Grain+1.6%
• Oct 12, 2020USDA milk production, price and feed cost projections all raised - Progressive Dairy | Ag Proud+1.2%
• May 10, 2024USDA Lowers Estimates for Brazil Corn and Soy Production-0.6%
• Aug 11, 2023USDA Lowers Corn and Soybean Yields and Production-5.6%