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AgResource's Dan Basse told the Feeding Quality Forum that the beef sector's revenue will fall by $7-8 billion while dairy gains about $40 billion. He said ethanol capacity is expanding and recommended cattle feeders cover feed needs for the next nine months.
Expanding ethanol output adds DDGS supply, and his advice to cover feed needs signals expected feed grain demand and price risk for cattle feeders.
agproud.comMiranda ReimanSep 15, 2017Not enough comparable past events yet for a historical read.
After 151 past bullish macro events, Corn moved a median +0.2% over 5 sessions (57% higher; middle half -0.9% to +1.4%), and -0.3% over 20.
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.
