LACO Commodity Research projects a July 2025 soybean meal futures price range after USDA forecast 2025 US soybean carryout at 380 million bushels. The firm estimates the Livestock Price Index at 148 versus 145 a year earlier, citing a very tight cattle market.
Tight US soybean carryout and a strong livestock index support meal values, suggesting firm prices for feed buyers through the animal feed complex.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.
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.