Perishable Pundit
  Home | About | Archives | Sponsorship | Contact Us | Submit / Suggest
  Meat & Poultry rss  
   It's A Cattle Stampede As Hedge Funds Pile Into A Beef Rally
by Megan Durisin, Bloomberg
Posted: Tuesday, October 31, 2017 at 3:44PM EDT

Even a boom in beef supplies hasn’t kept hedge funds from stampeding into the cattle market thanks to robust global demand for the meat.

Strong U.S. exports have helped to offset a jump in domestic supplies. Americans are chowing down on more beef and showing a particular hankering for ribs recently.

Cheaper feed supplies have helped to boost U.S. meat production. That means even after recent gains, beef prices are still below record highs set two years ago, giving the market more room to run. Money managers are taking note and piling into bets that cattle futures will keep rallying.

To read the rest of the story, please go to: Bloomberg

print article
Print Article
send article
Send Article
Share Article
Share Article

Bakery Dairy Deli Floral  Meat & Poultry Produce Seafood Retail & Foodsvc
 Lowe Refrigeration  Magic Seasonings Original Magic  Chicken of the  sea  Deli Business  Produce business UK Newsletter  

mail to friend

Got News? Send your latest press releases and announcements to