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Alltech's survey estimates international animal feed output exceeded 1 billion tonnes in 2016, up 3.7% from the prior year. The US and China are the top two producers, and growth came from beef, pig and aquaculture feed.
Rising global compound feed output supports demand for grains and protein meals. The growth is moderate and reflects an annual survey rather than a new shock.
farminglife.comThe NewsroomJan 28, 2017After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), 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.
