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The American Farm Bureau's fall marketbasket survey found the cost of 16 food items rose about 3% from a year earlier. Bacon rose on lower inventories and higher pork belly prices, and chicken breast prices rose on tight supply.
Egg prices fell slightly as supplies rebuilt.
Tight pork belly and chicken breast supply is supporting wholesale pork and chicken prices, which are feeding through to retail.
thepoultrysite.comGlobal Ag MediaSep 26, 2017After 100 past bullish report events, Lean Hogs moved a median -0.2% over 5 sessions (49% higher; middle half -1.9% to +2.0%), and -0.4% over 20.
Not enough comparable past events yet for a historical read.
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.
