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Beef prices expected to exceed record highs in 2013

In this weekly Commodities Watch column, John T. Barone, president and commodities analyst for Market Vision Inc., offers a snapshot of the state of commodities for restaurants.

While most were busy focusing on turkey last week, cattle prices made a move – jumping from $125 to $128/cwt.

Forward cattle contracts for 2013 are averaging $133.50, 8.7 percent above 2012 levels. Both on-feed and off-feed inventories are tight due to two consecutive drought ye

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