# Inflation-Hit Consumers Are Trading Down to Chicken From Beef - Bloomberg

> Consumers squeezed by food inflation are shifting from beef to cheaper chicken, according to ADM. ADM cut its global animal-feed demand outlook by 10 million to 15 million tons due to inflation, though chicken feed demand is outpacing cattle feed.

- Date: 2022-07-26 · published 2022-07-26T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/40642-inflation-hit-consumers-are-trading-down-to-chicken-from-beef-bloomberg
- Commodities: [Chicken](https://feedsoft.ai/c/CHICKEN.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Shifting demand toward chicken supports poultry feed use while overall feed demand is reduced, a mixed signal for corn and meal demand and a bearish tilt for cattle.

## Read by commodity

- CORN: bearish ▼
- CHICKEN: bullish ▲
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2020-03-31 | [Pandemic Injects Volatility into Cattle and Beef Markets \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/6288-pandemic-injects-volatility-into-cattle-and-beef-markets-farm-bureau-intel.md) | -11.3% | -16.4% |
| LCATTLE | 2019-08-21 | [Macroeconomic Volatility and Industry Specific Shocks Pressure Down Cattle Prices \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/10657-macroeconomic-volatility-and-industry-specific-shocks-pressure-down-cattle.md) | +1.6% | -4.3% |
| LCATTLE | 2020-03-25 | [Coronavirus damage to cattle industry could be $7 billion to $9 billion already - High Plains Journal](https://feedsoft.ai/events/6293-coronavirus-damage-to-cattle-industry-could-be-7-billion-to-9-billion-already.md) | +2.1% | -11.7% |
| LCATTLE | 2020-03-13 | [Taking it on the chin: Uncertainty drops markets \| TheFencePost.com](https://feedsoft.ai/events/5170-taking-it-on-the-chin-uncertainty-drops-markets-thefencepost-com.md) | -4.4% | -4.0% |
| LCATTLE | 2022-06-23 | [Hog, live cattle futures fall on recession fears - CME
						 \| The Beef Site](https://feedsoft.ai/events/41079-hog-live-cattle-futures-fall-on-recession-fears-cme-the-beef-site.md) | +0.6% | -0.7% |
| CORN | 2016-11-26 | [Dollar Rally Hinges on Fed Moves as Traders Eye Jobs Report Next - Bloomberg](https://feedsoft.ai/events/74018-dollar-rally-hinges-on-fed-moves-as-traders-eye-jobs-report-next-bloomberg.md) | -3.4% | -1.4% |
| CORN | 2022-09-26 | [Fed’s Trade-Weighted Dollar Gauge Eclipses High From March 2020 - Bloomberg](https://feedsoft.ai/events/10325-fed-s-trade-weighted-dollar-gauge-eclipses-high-from-march-2020-bloomberg.md) | -1.4% | +2.6% |
| CORN | 2024-04-16 | [USD Dollar Heads for Best Run in Year in Bet on Fed Delaying Cuts - Bloomberg](https://feedsoft.ai/events/12554-usd-dollar-heads-for-best-run-in-year-in-bet-on-fed-delaying-cuts-bloomberg.md) | -0.3% | +3.3% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-07-26/inflation-hit-consumers-are-trading-down-to-chicken-from-beef

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.