Beef prices hit new record highs

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.

We’ve been screaming “the sky is falling” about beef prices for many months now, but prices for seasonal winter beef items — rounds, chucks, brisket — all hit record highs last week and foreshadow what could be another round of record high middle meat and ground beef prices this spring.

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