Ethanol plants and DDG facilities closing is a hit to the livestock industry. This is as some producers begin to switch feed rations based on price, availability and in an effort to keep weights from getting too high.
The United States corn production forecast decreased to 14.63 billion bushels, down 152 million bushels from the October forecast. At 178.9 bu. per acre, the yield decrease of 1.8 bu. came in below pre-report estimates.
Host Chip Flory talks with Christine McCracken, Executive Director, Animal Protein for RaboAgriFinance, who explains additional slaughter capacity in the U.S. should help the hog market continue the price recovery
Ethanol prices are in a free fall due to fewer people driving and a recent price war. As some ethanol plants shutter production, facilities may start producing for DDGs to meet the possible upcoming Chinese demand.
AgriTalk host Chip Flory gets the rundown from the guys at Pro Farmer. Editor Brian Grete, and new Sr. Market Analyst Jeff Wilson joined the show on Tuesday. Newsman Davis Michaelson covered the day’s action.
Gas prices are falling, but few can take advantage of the low prices as “social distancing” and increasingly stringent COVID-19 prevention restrictions keep people off of the roads and ethanol demand could fall.
Last week’s “The Rest of the Story” ended with thinking there would be a surprise(s) in last Thursday’s report. There were surprises on all accounts: acreage of corn and soybeans as well as stocks as of March 1.