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Red River Farm Network reports tighter supplies across beef, pork and poultry, citing a recent US atypical BSE case, African swine fever in China and highly pathogenic avian influenza. An American Farm Bureau economist says market prices are improving but high input costs are squeezing producers.
The piece frames current livestock prices as too little, too late for many producers.
Tighter meat supplies from disease pressure support livestock and poultry prices. Higher meat prices could support demand for feed, but high input costs still limit producer margins.
rrfn.comDon WickMay 27, 2023After 148 past bullish disease events, Live Cattle moved a median +0.4% over 5 sessions (62% higher; middle half -0.5% to +1.2%), and +1.4% over 20.
After 177 past bullish disease events, Lean Hogs moved a median +0.2% over 5 sessions (52% higher; middle half -1.8% to +2.7%), and +0.9% over 20.
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.
