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The 2019 U.S. meat and poultry outlook says protein demand held up in 2018 despite trade tensions and tariffs. Beef production is expected to rise 3.3 percent and pork supplies are up about 4 percent, with the breeding herd expanded 3.5 percent.
Fed cattle prices are forecast down 3 to 3.5 percent from last year, and red-meat oversupply is expected to pressure poultry.
Expanding beef and pork output in 2019 is likely to keep hog and chicken prices under pressure as supplies compete for the same consumers.
provisioneronline.comMegan PellegriniDec 14, 2018After 159 past bearish report events, Lean Hogs moved a median -0.2% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +1.0% over 20.
Not enough comparable past events yet for a historical read.
After 144 past bearish report events, Live Cattle moved a median -0.1% over 5 sessions (49% higher; middle half -1.1% to +0.9%), and +0.5% 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.
