They say, “the quickest way to the poor house is to trade government numbers”. Some will attest to that statement in recent weeks. Much has been said, and lots of heads are scratching on the monthly WASDE reports (estimates) from the USDA.
Look to buy beef tenderloins. Although they are higher y/y, the difference (3.47%) is not nearly as much as almost all the other beef items and they are entering a bottoming period on the seasonality chart.