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USDA's May 2020 meat price report showed beef, pork and chicken prices rising notably amid continued COVID-19 disruption to supply chains and demand. Beef choice cut prices rose a record 23% during the month.
Higher beef prices are expected to shift consumer demand toward chicken this summer, supporting broiler prices and feed demand.
wattagnet.comAustin AlonzoJun 17, 2020Not enough comparable past events yet for a historical read.
After 78 past neutral report events, Live Cattle moved a median +0.2% over 5 sessions (54% higher; middle half -1.0% to +1.0%), and +0.7% 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.
