Beef Prices Expected to Drop 10–17 Percent

February 22, 2016

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SpenDifference predicts beef prices to drop 10–17 percent.
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Reversing years of steadily increasing prices, the cost of beef is expected to decrease between 10 percent and 17 percent across all primal cuts in 2016 in what amounts to “the biggest story of the year” for chain restaurant operators, says DeWayne Dove, vice president of risk management for supply chain management firm SpenDifference.

The outlook for beef and other commodity costs is contained in the company’s annual purchasing forecast, which tracks the prices restaurant chains pay for food products.