Beef prices head toward record highs

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.

Friday’s USDA cattle report showed feedlot inventories at 11.25 million head, declining 5 percent from a year ago. New feedlot placements in October were 2.2 million head, 13 percent less than a year ago and the lowest October placement number on record.

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