John T. Barone, president and commodities analyst for Market Vision Inc.
The assault on restaurant food costs has been unrelenting this year as commodity prices continue to shatter all-time record highs. Last week, hog futures ($119.30/cwt), class III milk ($23.29/cwt), block cheese ($2.3625/lb.), No. 120 beef brisket ($2.74/lb.), No. 168 top rounds ($3.19/lb.), 50-percent lean beef trimmings ($1.62/lb.), 90-percent lean beef trimmings ($2.62/lb.) and nearly the entire pork complex reached new highs. Additionally, in last week’s WASDE report, the USDA made ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?