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A CoBank report finds US feed mills fell 11% in two years while feed demand rose 2.5%, with many mills running near capacity. Expansion of the US hog herd and new hog plants are driving investment in larger, more efficient facilities.
Rising domestic feed use supported by hog sector growth points to steady demand for corn, soybean meal and other feed grains.
feedstuffs.comKrissa Welshans 1May 10, 2017After 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.
After 44 past bullish macro events, Soybean Meal moved a median -0.6% over 5 sessions (34% higher; middle half -1.9% to +0.9%), and -2.9% over 20.
After 37 past macro events, Lean Hogs moved a median -0.4% over 5 sessions (46% higher; middle half -2.2% to +2.4%), and +0.0% 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.
