John T. Barone, president and commodities analyst for Market Vision Inc.
A record-large corn crop and lower animal feed prices will help cap, and maybe reduce, costs across a number of commodity categories for restaurant operators in 2014. Unfortunately, beef won’t be one of them. The USDA’s better-late-than-never, October 31 cattle report showed that feedlot cattle marketings, up 6.1 percent from a year ago, continued to outpace new placements, up 1.0 percent, in September. As a result, feedlot inventories have fallen to a 15-year low of 10.1 ...
Subscribe To Digital Access
Why Subscribe To NRN Digital Access?
Digital Access gives you unlimited online access to our most premium news and analysis. This includes in-depth stories and insights from our team of editors and guest writers as well as free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to the NRN Digital and Print access package, for only a small additional amount, you can get NRN All Access, which includes premium reports such as the annual NRN Top 200 data. Either way, we ask that you register now. We promise it will only take a few minutes!