Weekly global protein digest: HPAI, global dairy market update, Japan-US beef trade

After 28 past neutral trade events, Lean Hogs moved a median -0.4% over 5 sessions (46% higher; middle half -2.2% to +0.7%), and -0.3% over 20.

• Jul 3, 2026Weekly protein report: Dry dairy prices slip as demand stays uneven | The Dairy Site+1.0%
• Nov 7, 2025Beef Market Update: Political noise and import talk weigh on cattle prices - RealAgriculture-1.3%
• Nov 24, 2025Softness persists in US cattle markets+0.4%
• Oct 27, 2020Trump's phase one trade deal with China and the US election | PIIE-4.0%
• Jun 20, 2024Pig outlook—June 20: Lean hog futures bears may be exhausted | The Pig Site-2.7%

After 65 past neutral trade events, Live Cattle moved a median +0.3% over 5 sessions (57% higher; middle half -0.5% to +1.4%), and +2.5% over 20.

• Jul 31, 2025Weekly global protein digest: Pilgrim’s to build $400 million chicken plant, Brazilian chicken exports resilient amid bird flu | The Poultry Site+1.5%
• Oct 8, 2026Weekly protein report: Feeder cattle supplies remain tight despite renewed Mexican imports | The Cattle Site+0.5%
• Sep 5, 2019Trade uncertainty dominates global beef Q3-2.1%
• Dec 14, 2018Beef outlook 2019: Making sense of trade wars, tariffs, global demand & supply - Beef Central+0.3%
• Jan 31, 2025Tariffs and the Cattle Inventory Report Create Volatility in the Livestock Markets - The Globe and Mail-0.9%