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USDA raised its food price inflation forecasts for 2022 and 2023, now seeing all-food prices rising 9.5% to 10.5% in 2022 and grocery prices up 11% to 12%. Pork and egg price forecasts were also raised, with eggs projected up 26.5% to 27.5% this year.
Higher retail feed-linked protein prices reflect tight supply, mainly from avian influenza in eggs, and do not directly change feed demand, so the impact on feed-ingredient prices is limited.
profarmer.comBrian GreteOct 25, 2022After 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.
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.
