Banking giant advises investors ‘cattle futures are as safe as gold’

FINANCIAL group Morgan Stanley is advising its recession-weary US clients that cattle futures are as safe an investment as gold.

The banking giant said cattle’s typical 20% peak to trough investment variation is second only to gold’s typical 17% risk window. For cautious investors, cattle futures are becoming an increasingly attractive option.

One Irish investment adviser said: “It makes sense. People have to eat. Investing in cattle futures is more of an American thing, but it is certainly encouraging for the agri-food sector.”