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USDA's Livestock, Dairy, and Poultry Outlook for February 2021 analyzes how monthly WASDE changes affect beef, pork, lamb, poultry, eggs and dairy markets. The publication also corrected errors in its beef import and export charts.
The outlook sets expectations for red meat and poultry supply and demand, but the article itself contains no new price-moving information.
dairyproducer.comTanya EadieFeb 23, 2021After 630 past report events, Live Cattle moved a median +0.1% over 5 sessions (54% higher; middle half -0.9% to +1.1%), and +1.1% over 20.
After 413 past report events, Feeder Cattle moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.9% 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.
