Long-term outlook for beef prices positive

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.

In last week’s Livestock, Dairy and Poultry Report, the USDA gave a bearish outlook for near-term beef prices, citing flagging retail demand in the face of high prices and a weak economy. The USDA also said that lingering drought conditions have supported a high level of heifer sl