Longest Cattle Rally Since 1960s Burger Boom Ends as Herd Grows

  • Americans eat more pork, poultry just as beef supply expands
  • Goldman sees further slide after price plunged most since 1981

Ground-beef prices are down from a record high 11 months ago, and buyers like Darden Restaurants Inc., owner of the LongHorn Steakhouse chain, expect to see costs for the meat decline for at least a couple years.

Photographer: Brent Lewin/Bloomberg

A mountain of meat has ended the longest rally in U.S. cattle prices since at least the 1960s, when baby boomers and McDonald’s Corp. ushered in the American burger boom.

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