cattle

SpenDifference and the USDA differ on the direction beef prices will take this year.

Forecast: Double-digit price drop for beef in 2016

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Keep your fingers crossed that SpenDifference’s 2016 food commodity price and supply forecast is accurate. The Denver-based company is calling for a 10-17 percent decrease in beef prices across all primal cuts this year. If that happens, and if the firm’s forecasts for other protein commodities follow suit, most restaurants will have an easy time meeting or beating their food cost goals.

“The drop in beef prices is clearly the best news operators have had in many years,”

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