# Rising demand, evolving markets fueling change in feed business

> 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.

- Date: 2017-05-10 · published 2017-05-10T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/71128-rising-demand-evolving-markets-fueling-change-in-feed-business
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Rising domestic feed use supported by hog sector growth points to steady demand for corn, soybean meal and other feed grains.

## Read by commodity

- SBM: bullish ▲
- CORN: bullish ▲
- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-06-06 | [Businesses are starting to feel the impact of exchange rate fluctuations.](https://feedsoft.ai/events/41262-businesses-are-starting-to-feel-the-impact-of-exchange-rate-fluctuations.md) | +5.9% | +2.2% |
| CORN | 2019-03-19 | [Ethanol production puts bottom in corn market - Inside Grains & Raw Material \| Boerenbusiness. Nl](https://feedsoft.ai/events/60073-ethanol-production-puts-bottom-in-corn-market-inside-grains-and-raw-material.md) | -0.3% | -3.4% |
| CORN | 2023-10-31 | [US dollar falls as markets believe Fed is done hiking rates \| Reuters](https://feedsoft.ai/events/11457-us-dollar-falls-as-markets-believe-fed-is-done-hiking-rates-reuters.md) | +1.1% | -3.7% |
| CORN | 2017-02-03 | [LIVESTOCK MARKETS: Commodity bubble to start inflating](https://feedsoft.ai/events/72614-livestock-markets-commodity-bubble-to-start-inflating.md) | -1.2% | +0.6% |
| CORN | 2023-01-03 | [How Consumers and Businesses are Reacting to Food Price Inflation - Euromonitor.com](https://feedsoft.ai/events/12190-how-consumers-and-businesses-are-reacting-to-food-price-inflation-euromonitor.md) | -2.2% | -1.0% |
| SBM | 2022-06-06 | [Businesses are starting to feel the impact of exchange rate fluctuations.](https://feedsoft.ai/events/41262-businesses-are-starting-to-feel-the-impact-of-exchange-rate-fluctuations.md) | +3.1% | +9.5% |
| SBM | 2021-04-11 | [Argentine farmers, facing peso uncertainty, hoard soya despite high prices - Markets - Business Recorder](https://feedsoft.ai/events/47430-argentine-farmers-facing-peso-uncertainty-hoard-soya-despite-high-prices.md) | -0.1% | +8.2% |
| SBM | 2020-05-15 | [Feed millers in US to return to soy diets](https://feedsoft.ai/events/53225-feed-millers-in-us-to-return-to-soy-diets.md) | -0.9% | +1.3% |

## Sources

- feedstuffs.com: https://www.feedstuffs.com/agribusiness-news/rising-demand-evolving-markets-fueling-change-in-feed-business

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