Memorial Day is perhaps the biggest hamburger grilling day of the year, possibly rivaled by Independence Day. Ground beef demand has continued strong for the past twelve months after rising sharply in the second quarter of 2021 (indicated by the prices in the figure below).
The ground beef market is large and complex with two major demand channels in retail grocery and food service. These market channels utilize different and largely separate supply chains that depend on a wide variety of lean and fat sources. Clark…
