Market Data Disclaimer

Nothing on this platform constitutes investment advice, trading recommendations, or a solicitation to buy or sell any commodity, futures contract, or financial instrument. All content is for informational and educational purposes only.

You should consult a qualified advisor before making any investment, trading, or procurement decision. Protein Market Terminal and its operators are not registered investment advisers, commodity trading advisers, or brokers in any jurisdiction.

Market data on the Service is aggregated from the public sources below. We are not affiliated with, endorsed by, or sponsored by any of these organizations, and none of them warrant our presentation of their data.

United States — USDA

• Agricultural Marketing Service (AMS), Mandatory Price Reporting (MPR) — daily and weekly cattle, hog, and lamb cash prices; boxed beef and pork cutout values
• AMS Market Analysis and Reporting Service (MARS) — the broader AMS report catalogue, including feedstuffs, poultry and egg markets, grocery features, direct cattle trade, imports, and cold storage
• AMS Grain Transportation Report — rail, barge, truck, and ocean freight cost indicators
• National Agricultural Statistics Service (NASS), Quick Stats — Cattle on Feed, Cattle Inventory and calf crop, Hogs and Pigs including farrowings and pig crop, Cold Storage, monthly livestock and poultry slaughter, broiler and turkey hatchery, layers, sheep and goats, and agricultural prices
• Foreign Agricultural Service (FAS) — Production, Supply and Distribution (PSD) global balance sheets, and Export Sales Reporting (ESR) weekly export sales

United States — other agencies

• Commodity Futures Trading Commission (CFTC) — Commitment of Traders positioning data, disaggregated report
• Census Bureau — monthly international trade statistics, used for meat export values
• Bureau of Labor Statistics (BLS) — US retail meat average prices and meat Consumer Price Index series

Canada

• Agriculture and Agri-Food Canada (AAFC) — Canadian trade data: exports, imports, tariff rate quotas, and inventories
• Statistics Canada — Canadian retail meat prices and meat CPI series
• Bank of Canada — monthly average USD/CAD exchange rates, used for currency conversion

International

• World Organisation for Animal Health (WOAH), WAHIS — global animal disease outbreak events, including HPAI, African swine fever, foot-and-mouth disease, and New World screwworm

Canadian data is adapted from Statistics Canada and Agriculture and Agri-Food Canada content. This does not constitute an endorsement by those organizations of this product.

This product includes GeoLite2 data created by MaxMind, available from https://www.maxmind.com.

We do not provide futures or exchange price quotes. The Service carries no real-time or delayed futures prices, and we have no data agreement or affiliation with CME Group or any exchange. Where the Service refers to futures, it is reporting CFTC Commitment of Traders positioningdata — who holds how many contracts, from the CFTC's own public reporting — not prices.

Historical briefs published before August 2026 may contain futures price commentary from a data source we no longer use. Those briefs are dated historical documents and are not updated.

Market summaries and briefs are generated by artificial intelligence (Anthropic Claude) from data in our database. The AI assistant additionally converts your question into a read-only database query, runs it, and writes prose describing the result.

Consequently:

• The AI may misinterpret your question and answer a subtly different one
• It may select the wrong report, date range, region, or unit basis
• It may state a number confidently that is the correct output of an incorrect query
• It may omit context that materially changes the interpretation

AI output is not reviewed by a person before you see it. Verify anything you intend to act on against the underlying report, which we link from every brief and chat answer.

Price projections are statistical estimates generated by quantitative models that analyze historical seasonal patterns, analog-year matching, and market indicators. They are not forecasts, predictions, or guarantees of future prices.

Projection accuracy limitations:

• Accuracy degrades with horizon — 1-month projections are significantly more reliable than 3-month projections
• Models cannot predict supply shocks, disease outbreaks, trade policy changes, or other structural market disruptions
• Historical patterns may not repeat in the future
• Individual cut projections are less reliable than composite cutout projections
• Projections inherit any staleness, gap, or error in the underlying source data

Confidence indicators (HIGH, MED, LOW) shown alongside projections reflect the statistical reliability at each time horizon based on backtesting, not a guarantee of accuracy.

While we strive to present accurate and timely data, we make no warranties or representations regarding:

• The completeness or accuracy of source agency data
• The timeliness of data updates — release schedules change without notice, and source APIs fail or return incomplete data
• The availability of historical data for all report types
• The accuracy of unit conversions ($/cwt to $/lb, $/kg, USD to CAD)
• Data derived from HTML scraping of published tables, where an upstream layout change can alter or interrupt what we capture

Source agencies routinely revise previously published figures. A number you saw yesterday may legitimately differ today. Data may contain errors, gaps, or delays. Always verify critical data points against the official source — for USDA AMS data, mpr.datamart.ams.usda.gov.

Our news page aggregates headlines from third-party industry publications and government newsrooms via public RSS feeds. Those headlines and articles are the work and opinion of their publishers, not ours. We do not verify, endorse, or take responsibility for their content, and linking to them is not an endorsement.

Protein Market Terminal shall not be liable for any financial losses, trading losses, procurement decisions, or other damages arising from the use of data, projections, AI analysis, or any other content provided by the Service. Use of this platform is entirely at your own risk. This section is subject to the limitation of liability in our Terms of Service, which forms part of your agreement with us.