
Tyson said uncertainty over tariffs has pushed chicken and pork prices lower. American meat producers are storing a record 2.5 billion pounds of beef, chicken, pork and turkey.
A record cold-storage glut of meat pressures livestock and poultry prices and reduces near-term demand for feed grains and meal used by those producers.
Not enough comparable past events yet for a historical read.
After 123 past bearish trade events, Lean Hogs moved a median -0.4% over 5 sessions (43% higher; middle half -2.9% to +2.0%), and -0.2% over 20.
After 121 past bearish trade events, Live Cattle moved a median -0.6% over 5 sessions (40% higher; middle half -1.6% to +0.8%), 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.