Loading…
USDA reported that September hog-corn, milk-feed, and steer-and-heifer-corn ratios fell year over year. Livestock prices were lower than a year earlier, while the feed-cost index was 11% higher, reflecting increases in feed, concentrates, grains, and supplements.
Higher feed costs alongside weaker livestock prices reduce producers’ purchasing power and can constrain feed buying. The figures signal pressure on livestock margins, but do not identify a specific grain price move.
allagnews.comTony St. JamesNov 5, 2026After 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.
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.
