Cost of Beef Expected to Drop

The trend of favorable costs for the commodities restaurants buy is expected to extend into 2017, with beef prices forecast to decline for a second year in a row and costs of many others to remain near current levels, according to the annual purchasing forecast by supply chain management firm SpenDifference.

Beef, pork, and poultry costs are projected to stay at “great levels” next year, while corn, which drives all other commodity prices, is forecast to remain below $4 a bushel, says DeWayne Dove, vice president of Supply Chain. However, soy oil, and cheese costs are expected to rise. read more –

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