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Americans Fire Up Grills for Cheap Burgers as Beef Price Tumbles

  • U.S. record meat supplies drive prices lower for beef
  • Money managers dump wagers on a rebound for cattle futures
Cooking steak on a barbeque.

Cooking steak on a barbeque.

Photographer: Getty Images

With barbecue grills lighting up across the U.S. this holiday, you might make that cheeseburger a double.

After savoring cheap burgers all summer, Americans are enjoying the lowest ground-beef prices for this time of year since 2011. The Labor Day holiday, celebrated on Sept. 5 this year, ties with Memorial Day as the most popular day for barbecues after the Fourth of July. Inexpensive meat might be here for a while -- cattle futures in Chicago are trading near their lowest since 2010, and investors have reduced bets on a rally for three straight weeks.