
USDA ERS data show beef and veal prices rose 9.4% year over year in July 2026 while retail eggs fell 25.7%. Federally inspected beef output fell almost 5% in July as the cattle herd keeps contracting under drought and expensive feed.
A shrinking cattle herd points to tighter beef supply and firmer cattle prices, which support feeder and live cattle values. Expensive feed is also cited as a driver of herd reduction, which weighs on feed demand over time.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.