Loading…
The USDA July Livestock, Dairy and Poultry Outlook forecasts higher pork and beef output and lower hog and cattle prices in 2018 than 2017. Mexico has imposed tariffs on US pork, and China's duties total about 80%, adding uncertainty to export demand.
Ample red meat supplies and trade barriers on pork exports weigh on hog and cattle prices, reducing the value of animal protein and affecting feed demand outlook.
foodbusinessnews.netRon SterkAug 7, 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.
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.
