
The FAO meat price index fell 1.2% in October, as quotations for pork, sheep meat, and beef declined while poultry prices were unchanged. The FAO attributed the drop in pig meat mainly to weaker EU quotations; sheep prices eased from record highs but remained above year-earlier levels.
Lower pork, sheep, and beef prices suggest softer near-term procurement costs for meat buyers, while unchanged poultry prices indicate steadier pricing. The article reports no material shift in global chicken supply despite disease in one Brazilian state.
After 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.
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.