It's a Cattle Stampede as Hedge Funds Pile Into a Beef Rally
- Strong U.S., foreign meat demand boosts wholesale prices
- Funds boost bullish bets on cattle futures for seventh week
This article is for subscribers only.
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.