Cattle Succumb to Commodity Rout in Sign of Cheaper Beef
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The global rout in commodities finally hit cattle with futures off to the worst start to a year since 1980. The good news: The rout signals that your steak dinner could start costing less soon.
Cattle futures on the Chicago Mercantile Exchange have lost 7.1 percent in January, after touching a record in November and rising 21 percent in 2014, the most in four years. Aggregate open interest is at the lowest in more than five years.