Livestock Production Cycles Affect Long-Term Price Outlook for Cattle, Hogs, and Chickens

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.

• Jul 18, 2022Livestock, Dairy, and Poultry Outlook: July 2022 | Economic Research Service+0.1%
• May 22, 2023USDA foresees Less Beef Production and Higher Cattle Prices Cattle Range+0.8%
• Mar 7, 2025China: Livestock and Products Semi-Annual | USDA Foreign Agricultural Service+2.1%
• Oct 12, 2018U.S. livestock: Cattle futures rise on cut in beef production estimate - AgCanada+0.0%
• May 31, 2023Steer prices hit record high in April 2023 | Economic Research Service+4.4%

After 227 past bullish report events, Feeder Cattle moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.5%), and +1.1% over 20.

• May 22, 2023USDA foresees Less Beef Production and Higher Cattle Prices Cattle Range+13.4%
• Oct 12, 2018U.S. livestock: Cattle futures rise on cut in beef production estimate - AgCanada-0.9%
• May 31, 2023Steer prices hit record high in April 2023 | Economic Research Service+2.3%
• Apr 21, 2026Beef outlook 2026: Lower production, strong prices and rising imports+0.5%
• Apr 5, 2017Calf Price Rally and a Crop Production Report | Ohio BEEF Cattle Letter+4.7%

After 100 past bullish report events, Lean Hogs moved a median -0.2% over 5 sessions (49% higher; middle half -1.9% to +2.0%), and -0.4% over 20.

• Jul 13, 2021U.S. livestock: Hog futures rise as pork production estimates cut - AgCanada-2.4%
• Sep 28, 2018U.S. livestock: CME lean hogs, cattle rise on month-end buying - Grainews+7.0%
• Feb 19, 2021Economists Analyze Export Sales and Long-Term Chinese Buying Trends+4.3%
• Sep 24, 2021U.S. livestock: CME hogs rise, live cattle slip ahead of USDA reports - Canadian Cattlemen+4.7%
• Feb 16, 2024Tight Supplies Expected to Boost Cattle and Hog Prices in 2024+3.9%

Not enough comparable past events yet for a historical read.