USDA Anticipates Mixed Bag For Protein Industry

Livestock and poultry producers may see a mixed bag when it comes to feed and forge costs and availability for the remainder of this marketing year, and, in the next. USDA Livestock Analyst Shayle Shagam forecasted divergent feed prices for meat animals from 2019/2020, and the following year.

“Prices of corn, which are a little bit higher than last year, but will be a little lower moving into the next crop year. On the other hand, soybean meal prices will be going up in 2020/2021 from 2019/2020.”

In what originally in February was uncertainty around hay and storage.

“We have seen an increase of about 2% in storage of hay on farms. There is really some questions about the quality of the hay. We had late rains, so while some farms may have sufficient supplies of hay, the quality may be somewhat spotty.”

Became clear with the recent perspective plantings report, with hay harvest nationwide forecasted up 2% this year, led by increased production estimates for the Northern Plains and Upper Midwest.

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