John T. Barone, president and commodities analyst for Market Vision Inc.
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. While most were busy focusing on turkey last week, cattle prices made a move – jumping from $125 to $128/cwt. Forward cattle contracts for 2013 are averaging $133.50, 8.7 percent above 2012 levels. Both on-feed and off-feed inventories are tight due to two consecutive drought years. 2012 beef cow ...
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