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USDA's APHIS reports on its 2022 accomplishments, centered on its response to HPAI, which it describes as the largest foreign animal disease outbreak in US history. The agency affected more than 57 million birds across 47 states and also allocated over $70 million to invasive pest and disease programs.
The report summarizes the government response to the outbreak and gives no new supply or demand data, so the price effect is limited.
aasv.orgAASV StaffFeb 16, 2023After 493 past report events, Lean Hogs moved a median +0.1% over 5 sessions (52% higher; middle half -1.8% to +2.0%), and +0.8% over 20.
Not enough comparable past events yet for a historical read.
After 1,283 past report events, Soybean Meal moved a median -0.1% over 5 sessions (47% higher; middle half -2.0% to +1.7%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
