# Grain prices down—hay prices up

> Estimated record US corn and soybean yields are supporting calf and feeder cattle prices, while drought is pushing hay costs higher. The September WASDE projected corn production at 14.8 billion bushels and soybean production at 4.69 billion bushels, with lower soybean meal prices.

- Date: 2018-09-15 · published 2018-09-15T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/63165-grain-prices-down-hay-prices-up
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Large grain supplies lower feed grain and meal costs, while drought-driven hay inflation raises the cost of roughage for cattle producers.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- FCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-09-28 | [U.S. grains: Bigger-than-expected supplies knock down prices - Grainews](https://feedsoft.ai/events/63056-u-s-grains-bigger-than-expected-supplies-knock-down-prices-grainews.md) | -0.4% | -1.8% |
| CORN | 2020-03-03 | [High domestic coarse grain prices mask global slowdown \| Farm Online \| ACT](https://feedsoft.ai/events/54100-high-domestic-coarse-grain-prices-mask-global-slowdown-farm-online-act.md) | +1.3% | +0.6% |
| CORN | 2020-08-18 | [U.S. chicken production, prices down - High Plains Journal](https://feedsoft.ai/events/51766-u-s-chicken-production-prices-down-high-plains-journal.md) | -0.0% | +5.4% |
| CORN | 2018-09-14 | [DDG Prices Lower](https://feedsoft.ai/events/63140-ddg-prices-lower.md) | +2.4% | +4.1% |
| CORN | 2016-07-18 | [Grain Supply and Demand report sends grain prices falling](https://feedsoft.ai/events/7417-grain-supply-and-demand-report-sends-grain-prices-falling.md) | +5.9% | +1.7% |
| SOY | 2020-05-13 | [How WASDE wobbled grain prices](https://feedsoft.ai/events/12707-how-wasde-wobbled-grain-prices.md) | -0.8% | +1.9% |
| SOY | 2018-09-28 | [U.S. grains: Bigger-than-expected supplies knock down prices - Grainews](https://feedsoft.ai/events/63056-u-s-grains-bigger-than-expected-supplies-knock-down-prices-grainews.md) | +0.5% | -1.5% |
| SOY | 2016-07-18 | [Grain Supply and Demand report sends grain prices falling](https://feedsoft.ai/events/7417-grain-supply-and-demand-report-sends-grain-prices-falling.md) | -6.2% | -6.5% |

## Sources

- beefmagazine.com: https://www.beefmagazine.com/cattle-market-outlook/grain-prices-down-hay-prices-up

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