Yahoo Finance | EN590 Commodities
EN590 Commodities GroupMarket Analysis 2026-05-28T17:07:00.000Z
The steakhouse restaurant sector has faced a major impact from an increase in beef costs, as steak prices spiked 16% to $12.73 per pound in March 2026, according to data from theFederal ReserveBank of St. Louis,WIBC- Radioreported. As the price of beef increases for restaurants, consumer demand for the product has declined as menu prices also rise, reducing sales at steakhouses. Reduced sales have led certain establishments to close their businesses. Restaurant chain ownerLandry's Inc.closed its high-endMcCormick & Schmick'ssteak and seafood dining location in downtown Pittsburgh, after it had operated for 18 years, the company announced on May 26 in a notice on the restaurant's front door, according toKDKA-TV. "We regret to inform you that this location has closed," themessageread. "We ar
About EN590 Commodities Group
25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.