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 summer show season is uncertain for many 4-H and FFA members who have been caring for their livestock and preparing the show ring for weeks. Some event organizers have found another way using the World Wide Web.
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.
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.
The Smithfield Foods plant in Sioux Falls announced it was closing until further notice. As of Tuesday, 438 total workers have tested positive with COVID-19. That’s an increase of nearly 100 overnight.