COVID-19 alters red meat, poultry production forecast

Not enough comparable past events yet for a historical read.

After 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.

• Feb 28, 2022USDA lowers 2022 meat, poultry production forecast | MEAT+POULTRY-1.0%
• Feb 22, 2019Another Record Year for Meat Production Forecast for 2019+1.5%
• May 13, 20242025 Red Meat, Poultry Production Seen Lower Than 2024 - Zia Commodities, LLC+1.4%
• Feb 8, 2019Adjusted beef production forecast could be good news - Brownfield Ag News+0.4%
• Oct 15, 2017USDA-FAS Report: China's Meat and Poultry Import Forecast, 2018 - Farm Policy News+0.2%

After 100 past bullish report events, Lean Hogs moved a median -0.2% over 5 sessions (49% higher; middle half -1.9% to +2.0%), and -0.4% over 20.

• May 13, 20242025 Red Meat, Poultry Production Seen Lower Than 2024 - Zia Commodities, LLC+3.4%
• Mar 26, 2025USDA forecasts pork exports, production increases – AgriNews+0.3%
• Jan 26, 2022NPPC: Current economic factors have led to higher pork prices, not industry concentration | MEAT+POULTRY+2.5%
• Apr 16, 2019Export hopes offset record U.S. hog, pork production | 2019-04-16 | Food Business News+1.4%
• Sep 6, 2022China’s pork industry sees new cycle | MEAT+POULTRY-1.1%