Feed panic buying
Our next most read story was one about US farmers panic buying feed, concerned that they could run out of supplies if feed mills shut due to employees becoming ill, or deliveries are reduced due to truck shortages. It was based on article on Bloomberg.
US farmers were anxious that slaughterhouses might see more measured production due to COVID-19 restrictions, thus forcing farmers to hold onto animals for longer than they normally would, increasing costs. To add to their challenges, as ethanol plants shut down in the US, the livestock feed market there is also seeing a distinct lack of the by-product from that sector, dried distillers grains (DDGs).
The article also tracked how French feed producers had intensified ingredient purchases at the start of the lockdown, the story was similar in Germany.