Cattle inventory declines

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 10.91 million head, a decline of 5 percent from a year ago. New feedlot placements in March were 6 percent above a year ago, and marketing was 8 percent below last year.

That combination allowed cattle-on-f

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