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. In Friday’s monthly WASDE report, the USDA raised its estimate for 2013 broiler production from 37.30 billion lbs. to 37.93 billion lbs., now 2.4 percent above 2012 levels. The USDA lowered its 2012-2013 corn price forecast by $0.20, to $7.10 per bushel. The futures market reacted bullishly, jumping ...
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