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Feed Costs Higher in 2021 and Lincoln Leaders Program Applications
Thursday Dec 17th, 2020 From the Ag Information Network, I’m Bob Larson with your Agribusiness Update. The U.S. animal protein sector will see 12% higher feed costs in 2021 due to higher corn and soybean meal prices.
That analysis from CoBank’s Knowledge Exchange Division, says U.S. livestock and poultry producers will factor in more feed cost inflation next year than at any time in the last decade.
According to agweb.com, the report notes feed costs have been relatively flat since 2012, helping the beef, pork and poultry sectors see the greatest ever 5-year expansion between 2014 to 2019.