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The BLS reported September grocery prices rose 0.4%, the largest monthly gain since January, with egg prices up 8.4% in the month and 39.6% year over year. Pork chops fell 1.2% in the month while milk declined 0.3%.
Rising retail food inflation, driven partly by avian flu-related egg costs, reflects tight protein supply and can shape consumer demand for meat and dairy.
agri-pulse.comSteve DaviesOct 10, 2024After 61 past neutral report events, Lean Hogs moved a median -0.4% over 5 sessions (48% higher; middle half -1.3% to +1.8%), and +2.1% over 20.
After 136 past neutral report events, Milk (Class III) moved a median -0.1% over 5 sessions (43% higher; middle half -0.7% to +0.5%), and -0.3% 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.
