Explore Special Offers & White Papers from AFS

Demand For Ground Beef Increases



Tuesday’s trade volume in LC was active as it was Monday. Monday, traders were bull spreading and Tuesday traders did the opposite.  At current high prices in 2023 demand for trimmings and ground beef have increased. Going into the holidays will demand be as strong as a year ago and after the holidays at what prices are consumers going to say beef prices are too high as many consumers are already saying as they buy cheaper cuts and lower graded beef.



As of Friday, October 27th year to date hog slaughter was up 1,444,000 head.  With the increase numbers of hogs it is expected to have lower pork prices. The good news exports are up from a year ago that have helped prices.  But demand from US consumers has been reported to about 1 pound more in consumption.  When reports from China show over supply and Brazil, the main competitor of the US for pork exports to the world expands, the US pork industry has to find ways to increase ham and loin exports and more importantly to get US consumers to increase consumption.

Read full report here


Interested in more futures markets? Explore our Market Dashboards here 

Futures and options trading involve significant risk of loss and may not be suitable for everyone.  Therefore, carefully consider whether such trading is suitable for you in light of your financial condition.  The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM.  The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared.  The information provided is designed to assist in your analysis and evaluation of the futures and options markets.  However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.

Latest News & Market Commentary

Explore Special Offers & White Papers from Archer Financial Services

Get Started

Contact Us Today