# USDA to livestock producers: feed costs are going up

> USDA's June WASDE cut its 2019/20 US corn production forecast by 1.4 billion bushels to 13.7 billion, the lowest since 2015/16, citing unprecedented planting delays. It raised the season average corn price to $3.80, soybeans to $8.25, and soybean meal to $295 per ton.

- Date: 2019-06-11 · published 2019-06-11T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/58654-usda-to-livestock-producers-feed-costs-are-going-up
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A sharply smaller corn crop and higher season-average feed prices raise feed grain and meal costs for animal-feed buyers.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-07-12 | [USDA Hikes Corn Production, but Lowers 2024-25 Corn Ending Stocks](https://feedsoft.ai/events/29201-usda-hikes-corn-production-but-lowers-2024-25-corn-ending-stocks.md) | -2.4% | -2.7% |
| CORN | 2022-05-13 | [USDA: U.S. Corn Production to Drop 4.3%](https://feedsoft.ai/events/13358-usda-u-s-corn-production-to-drop-4-3.md) | -1.0% | -1.1% |
| CORN | 2021-04-09 | [Rising feed prices impact cattle markets \| Western Livestock Journal](https://feedsoft.ai/events/47743-rising-feed-prices-impact-cattle-markets-western-livestock-journal.md) | +1.1% | +23.4% |
| CORN | 2025-12-09 | [USDA Lowers U.S. Corn Ending Stocks More Than Expected](https://feedsoft.ai/events/21437-usda-lowers-u-s-corn-ending-stocks-more-than-expected.md) | +0.1% | +0.5% |
| CORN | 2020-10-12 | [USDA milk production, price and feed cost projections all raised - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/50754-usda-milk-production-price-and-feed-cost-projections-all-raised-progressive.md) | +2.1% | +5.7% |
| SOY | 2023-03-20 | [USDA lowers global oilseed production forecast due to plunging…](https://feedsoft.ai/events/36974-usda-lowers-global-oilseed-production-forecast-due-to-plunging.md) | -3.3% | +2.7% |
| SOY | 2020-10-09 | [USDA Lowers Soybean Ending Stocks, Trims Production](https://feedsoft.ai/events/50595-usda-lowers-soybean-ending-stocks-trims-production.md) | +1.2% | +4.9% |
| SOY | 2024-05-10 | [USDA Lowers Estimates for Brazil Corn and Soy Production](https://feedsoft.ai/events/30215-usda-lowers-estimates-for-brazil-corn-and-soy-production.md) | +2.0% | -1.1% |

## Sources

- meatingplace.com: https://meatingplace.com/usda-to-livestock-producers-feed-costs-are-going-up/

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