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