
The third and final tranche of 100,000 metric tons of low-tariff imported lean beef trimmings opened Nov. 2, 2026, and runs through Nov.
30 or until filled. The extra quota comes from an Aug.
26 presidential proclamation that added 300,000 metric tons in three monthly batches, allocated on a first-come, first-served basis. Retail ground beef prices dipped in September but remain well above a year earlier.
Additional low-tariff trimmings imports add lean beef supply that processors blend into ground beef, which could weigh on beef prices at the margin. The effect appears limited so far, and the program ends in November.
After 121 past bearish trade events, Live Cattle moved a median -0.6% over 5 sessions (40% higher; middle half -1.6% to +0.8%), and -0.3% over 20.
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.