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USDA's Economic Research Service reported that U.S. grocery store food prices fell 1.3 percent in 2016, the first annual decline in nearly 50 years. Retail egg prices dropped 21.1 percent as production recovered from the avian influenza outbreak.
Lower retail prices reflect ample commodity production, signaling soft demand pressure for animal protein and limited upside for feed-linked meat prices.
ers.usda.govMar 6, 2017Not enough comparable past events yet for a historical read.
After 273 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.3% to +0.4%), and -1.4% 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.
