Adjustments in Meat Production and Price Estimates

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.

• Mar 20, 2024Latest WASDE report raises red meat, poultry production - High Plains Journal-0.8%
• Dec 31, 2019Ag producers see improved prices in November+1.8%
• Jul 22, 2020USDA Releases Report on Boxed Beef and Fed Cattle Price Investigation-0.0%
• Aug 5, 2021Introducing the World’s First Global Producer Price Indices for Beef Cattle and Sheep+0.4%
• May 4, 2022Improvements and Cautions-1.1%

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.

• May 23, 2026USDA raises milk production estimate - Dairy Star-0.1%
• Oct 18, 2022Lee Mielke: Milk production estimates raised | Capital Press+0.2%
• Feb 4, 2021Dairy product production sees greatest shift in dry milk - Brownfield Ag News-0.6%
• Nov 9, 2019Milk production estimates raised in WASDE report | Market Columns | leadertelegram.com+1.1%
• Oct 12, 2022USDA raises milk production and price expectations - Brownfield Ag News-0.2%