
USDA made mostly modest revisions to its 2026 U.S. meat and poultry outlooks. It lowered beef and broiler production estimates, raised pork, turkey, and egg production estimates, and revised projected prices and trade in those markets.
The mixed production changes imply different supply and feed-demand effects across livestock sectors, rather than a broad shift in feed demand. Higher projected pork, turkey, and egg output may weigh on those product prices, while lower broiler output may lend support to chicken prices.
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 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.
Not enough comparable past events yet for a historical read.
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.