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USDA's Economic Research Service published its July 2022 Livestock, Dairy, and Poultry Outlook, analyzing how the July WASDE changes affect beef, pork, lamb, poultry, eggs and dairy markets. The issue includes a special article on continued retail beef price inflation tied to input cost increases.
The outlook frames expected livestock and dairy price direction for feed buyers, with retail beef inflation signaling firm cattle demand and continued feed use in red meat production.
ers.usda.govJul 18, 2022After 268 past bullish report events, Live Cattle moved a median +0.3% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +1.7% over 20.
After 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.
Not enough comparable past events yet for a historical read.
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.
