Red meat markets are poised to be an issue for foodservice operators in 2014. December’s USDA cattle report showed that new placements onto feedlots in November fell 7 percent year-over-year. Total feedlot inventories are historically low for this time of year at 10.72 million head, 5.5 percent below a year ago and 6.8 percent below the five-year average. The USDA is forecasting U.S. beef output to decline 5.7 percent in 2014 and to be 6.4 percent lower in the second half of 2014 ...
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