Compound feed: cattle drive production, but raw materials worry the sector

After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.

• Jul 28, 2022Fewer cattle expected as cow herds shrink due to drought | The Western Producer+2.8%
• Jul 23, 2024Crop Watch: Producers welcome cool weather but not the dry pattern | Reuters-0.3%
• Nov 3, 2022Rising input costs may overwhelm cattle prices | The Western Producer-0.6%
• Aug 9, 2022Coping with high feed prices, drought in 2022 | The Cattle Site+2.0%
• May 11, 2026The second corn crop 2025/26 will have an increase in area, but production is expected to fall by almost 10% in Brazil.+1.4%

After 55 past neutral weather events, Soybean Meal moved a median -0.1% over 5 sessions (47% higher; middle half -1.7% to +1.5%), and +0.1% over 20.

• Jul 18, 2025U.S. grains: Soybean futures set two-week high on US weather worry, soyoil rally | The Western Producer+1.1%
• Jun 25, 2021Weather, exports driving factors in commodity markets | Feed Strategy+8.2%
• Jul 19, 2018The price of canola growing in the background of a possible reduction of the crop in Europe+0.5%
• Mar 26, 2021Animal nutrition costs pressure meat sector+0.7%
• Aug 16, 2021Feed prices firm but sentiment is bullish - Poultry Network-1.4%