Loading…
CoBank economist Brian Earnest says consumer demand for meat and poultry remains resilient despite food inflation. Retailers are shifting toward value items such as ground beef, chicken breasts and pork chops.
USDA forecasts record 2022 per-capita red meat and poultry consumption of 225 pounds.
Steady meat demand supports livestock and poultry prices, though the shift toward value cuts and inflation pressures could weigh on premium segments.
porkbusiness.comJennifer ShikeOct 19, 2022Not enough comparable past events yet for a historical read.
After 37 past macro events, Lean Hogs moved a median -0.4% over 5 sessions (46% higher; middle half -2.2% to +2.4%), and +0.0% over 20.
After 18 past neutral macro events, Live Cattle moved a median +0.1% over 5 sessions (61% higher; middle half -1.0% to +1.6%), and +1.0% 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.
