Agricultural economist Ben Brown says USDA's latest data paints a picture for relatively moderate feed prices in the new year for domestic livestock producers. Trade and weather uncertainty are significant complicating factors.
Despite challenging weather conditions and an erratic global trade situation, there is a good chance feed prices could stabilize in 2020. Softer exports and strong planting intentions could keep corn prices below $4, and protein sources from soy to fishmeal should see plentiful supplies keep a lid on prices, too.
Agricultural economist Ben Brown oversees the farm management program at The Ohio State University. On the sidelines of Ohio State’s annual farm outlook conference in mid-November he spoke with Feedstuffs policy editor Jacqui Fatka about what USDA's latest stocks and usage data tell us about the outlook for feed prices in the new year.
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