
A member of Cairo’s butchers’ association warned that meat prices could rise, citing higher prices for imported feed and recent exchange-rate changes. He said Egypt relies heavily on imported corn and soybeans for livestock feed and called for lower import duties, stronger market oversight, and reopening closed feed mills.
More expensive imported feed raises livestock production costs and could push meat prices higher if producers pass those costs on. Currency weakness can also increase the local-currency cost of imported corn and soybeans.
After 151 past bullish macro events, Corn moved a median +0.2% over 5 sessions (57% higher; middle half -0.9% to +1.4%), and -0.3% over 20.
After 123 past bullish macro events, Soybeans moved a median +0.3% over 5 sessions (60% higher; middle half -1.0% to +1.8%), and -0.4% over 20.
After 28 past bullish macro events, Live Cattle moved a median -0.3% over 5 sessions (39% higher; middle half -1.2% to +0.9%), and +1.7% 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.