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The USDA Economic Research Service's September 2019 Livestock, Dairy, and Poultry Outlook analyzes how the September WASDE report changes affect beef, pork, lamb, poultry, eggs and dairy markets at home and abroad. It is a routine monthly analytical release.
The outlook sets out USDA's view of livestock and dairy supply and demand, which buyers use to judge feed demand and meat and milk price direction.
ers.usda.govSep 18, 2019After 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.
After 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 136 past neutral report events, Milk (Class III) moved a median -0.1% over 5 sessions (43% higher; middle half -0.7% to +0.5%), and -0.3% 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.
