Fewer cattle foreshadow record-high beef prices

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.

Fewer cattle foreshadow record-high beef and cattle prices for 2013 and beyond.

On Jan. 1 the U.S. cattle inventory totaled 89.3 million head, 1.7 percent below a year ago and the lowest since 1952. The 2012 calf crop was estimated at 34.3 million head, a decrease of 3 percent compar

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