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The June CPI showed grocery prices up 0.3% month over month and 2.4% year over year, with beef up 2% in the month and 10.6% from a year earlier. Egg prices fell 7.4% as poultry recovers from avian flu.
Strong retail beef prices reflect tight cattle supplies and the Mexican import disruption, reinforcing firm cattle values.
After 268 past bullish report events, Live Cattle moved a median +0.3% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +1.7% 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.