Your favorite fast food joints and restaurants are likely to pass the rising cost of beef on to you sooner or later. Thank Ben Bernanke for devaluing the dollar and inflating the commodity bubble. As you can see, year-over-year, live cattle prices have skyrocketed from $85 to over $125. Higher prices are a negative for everyone from Jack In The Box (JACK) to Wendy’s (WEN) to Chipotle (CMG) to Bloomin’ Brands (BLMN). The fundamental outlook suggests that the strength in beef prices should continue for some time.
