Explore Special Offers & White Papers from ADMIS

Lower Livestock Outlook


Traders use US pork and beef exports as an indicator for possible market direction. But most US traders seem to forget that US meat exports are just a slice of the pie in the global meat market. 99% of US traders are surprised and some find it hard to believe that India has the largest cattle production followed by Brazil, China and the US comes in fourth. They are also surprised that Brazil and India are first and second for beef exports and the US is third.

Across the globe, consumers are buying whatever is the cheapest. With the US raising around 80% Choice grain fed cattle, US beef isn’t cheap.  When consumers around the world are buying meat for daily protein requirements, they aren’t buying Choice and Prime.


The daily movement of pork has been big over the past couple of weeks. It appears packers are not wanting to store and since the start of May exports have fallen off from the first 4 months huge exports especially to China.

Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest. If necessary, seek independent financial advice.

ADM Investor Services International Limited, registered in England No. 2547805, is authorised and regulated by the Financial Conduct Authority [FRN 148474] and is a member of the London Stock Exchange. Registered office: 3rd Floor, The Minster Building, 21 Mincing Lane, London EC3R 7AG.                  

A subsidiary of Archer Daniels Midland Company.

© 2021 ADM Investor Services International Limited.

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 ADMIS

Get Started