Live cattle futures have started to decline, fueling hopes for a relief in beef prices.
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High beef prices continued to weigh on profitability, overshadowing what was otherwise a solid quarter.
Beef costs are still pressuring portfolio name Texas Roadhouse and leading to shakeups at other industry players.
Momentum at Texas Roadhouse is bouncing back just in time for summer.
Shares of the restaurant chain fell more than 1% in extended trading. Beef prices are part of the reason why.
The steakhouse has been doing a great job on things it can control, but high beef prices are still a problem.
The move higher in the stock after-hours erases Thursday's regular-hours trading losses.
