High prices, low demand shutter beef processing facility

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

Both on-feed and off-feed cattle inventories are tight due to two consecutive drought years. December’s USDA cattle report showed feedlot inventories falling 6 percent from a year ago. Fewer cattle foreshadow record-high beef and cattle prices for 2013.

The flip side to high beef

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