John T. Barone, president and commodities analyst for Market Vision Inc.
Beef supplies are tight headed into the spring grilling season. Larger feedlot placements in recent months should lead to higher beef production by late spring and summer. However, with pork prices also at record highs, the expected bump in beef supplies likely won’t be enough to keep beef prices from continuing to set record highs, probably timed around the “big three” holidays for beef consumption: Memorial Day (May 26), Father’s Day (June 15) and Independence ...
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