finance
Live Cattle Futures Fall to Seven-Month Low
Live cattle futures reached a seven-month low. Bernstein stated that retail beef prices are expected to remain elevated despite the decline.
Jul 17, 7:45 AM·1m read2 sources
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Live cattle futures fell to a seven-month low, according to market data reported by @zerohedge. The decline occurred even as Bernstein projected that consumer beef prices would stay high.
Futures contracts for live cattle dropped in recent trading sessions. The move marks the lowest level reached in seven months.
Bernstein said beef prices at retail are likely to remain elevated.
The statement separates futures pricing from consumer-level costs.
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