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US consumer prices for food rose 1% in April, led by chicken, dairy and eggs, with egg prices up 10.3% and chicken up 3.4%. Overall CPI rose 8.3% year on year, and the meats, poultry, fish and eggs index was up 14.3%.
Persistent food inflation and strong poultry and dairy retail prices reflect tight supplies, supporting demand for poultry and milk products.
agri-pulse.comPhilip BrasherMay 11, 2022Not enough comparable past events yet for a historical read.
After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% 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.
