Loading…

Adjusted for US inflation, Chicago soybean meal prices are trading at levels seen 26 years ago. Livestock producers now use considerably more meal per unit of protein than in 2000.
Rising meal use per unit of animal protein supports long-run demand, while low real prices limit upside in the near term for feed buyers.
Not enough comparable past events yet for a historical read.
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.