Domestic poultry production is ramping up: USDA

After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.

• Jul 25, 2026USDA raises milk production estimates - Dairy Star-4.8%
• May 13, 2022USDA: U.S. Corn Production to Drop 4.3%-1.0%
• Sep 26, 2023USDA: Corn Use for Fuel Ethanol Production Up in July+1.7%
• Jul 23, 2020Rabobank: Global pork production under pandemic pressure | 2020-07-23 | MEAT+POULTRY-1.9%
• Feb 8, 2023USDA Releases February Crop Production, WASDE Reports-0.3%

After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.

• Mar 8, 2024USDA Cuts Brazil Soy Production 1 MMT-1.4%
• Jul 23, 2020Rabobank: Global pork production under pandemic pressure | 2020-07-23 | MEAT+POULTRY+0.1%
• Feb 8, 2023USDA Releases February Crop Production, WASDE Reports+3.5%
• Jun 11, 2019U.S. Corn Production, Supplies Fall, USDA Says+3.5%
• Jun 11, 2020USDA Releases June Crop Production, WASDE Reports-0.3%

Not enough comparable past events yet for a historical read.