Iowa State Extension beef specialist Dan Loy says COVID-19 has cut ethanol plant output by as much as 50 percent. Lower gasoline and ethanol use has reduced the supply of distillers' grains that cattle and hog producers relied on as feed.
Producers are now having to relearn how to use corn in rations.
Less DDGS availability forces feeders to replace it with corn and other ingredients, lifting DDGS prices while softening corn demand from ethanol. The tighter co-product supply is a cost concern for livestock feeders.
Belum cukup peristiwa historis yang sebanding untuk analisis historis.
Setelah 301 peristiwa makro bearish sebelumnya, Jagung bergerak median -0,1% selama 5 sesi (47% lebih tinggi; separuh tengah -2,2% sampai +1,3%), dan +0,2% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.