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USDA data show US agricultural producers received higher prices overall in November 2019, with the prices received index rising 4.6% from October. The largest gains came in poultry and eggs, with the market egg price up 71.4 cents from October.
Higher livestock and egg prices in November signal firm animal protein demand, which supports feed usage over the near term. The move is a routine monthly data release with limited new price impact.
feedstuffs.comKrissa WelshansDec 31, 2019After 61 past neutral report events, Lean Hogs moved a median -0.4% over 5 sessions (48% higher; middle half -1.3% to +1.8%), and +2.1% over 20.
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.
Not enough comparable past events yet for a historical read.
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.
