Cattle Futures Hit A Seven-Month Low; Bernstein Says Beef Won't Follow
Bernstein blames the divergence on a 60-year-low US cattle herd and land now worth more for hunting leases than ranching.
- Futures fell to their lowest since December 2025, wholesale beef weakest since February.
- US cattle herd is at its smallest size in more than 60 years.
- Ranchers now earn $30,000 a kill from hunting leases versus $500 per head of cattle raised.
Why it matters: Cattle take two years to raise, futures reprice in an afternoon; only the slower clock reaches the register.
ZeroHedge ↗ · Jul 17, 20267/17/26 · ✓ Checked✓ Check