What to watch: The pricing forecast for dairy, wheat, beef and more

Knowledge is power, especially when it comes to understanding commodity pricing and how it impacts the hospitality industry.

You need to know where to turn for reliable data and expert analysis to help you make informed purchasing decisions.

The Entegra Cost Outlook offers a quarterly pricing update and forecast that showcases most of the important trends, raw materials and basic agricultural products used in our industry, all in one place.

So, what do we track, and how can this knowledge help you? Entegra’s supply chain and economic experts point to the macroeconomic trends and indices to watch.

1. The inflation indices
   The Consumer Price Index (CPI) CPI measures changes in U.S. consumer prices and the Producer Price Index (PPI) measures changes in the average prices paid to domestic producers for their goods. You’ll find both in Cost Outlook.
   The PPI is a good pre-indicator of inflation. When prices rise for producers of goods, they can directly affect how much you pay and have to charge your customers.
2. The leading macroeconomic trends
   Macroeconomic trends describe the general features of a country’s economy, such as the level of inflation, unemployment, or interest rates. The U.S. economy continues to be impacted by the war in Ukraine, energy prices, the overall labor market, the strength of the U.S. dollar and other factors.
3. High-level inflation overview by category
   From dairy and meat, to corn, wheat, coffee, sugar and more, the Cost Outlook presents both a historical tracking of costs and a forward-looking forecast of where these costs are projected to go in the next year.
   Having this data at your fingertips can help you make strategic buying decisions and to have a better understanding of why the price you pay may be rising or falling.

Explore the Entegra Cost Outlook for an in-depth look at the forces shaping costs in our industry.

What does this data mean for your business?

Learn how to use the Cost Outlook data and analysis to make data-based decisions for your restaurant, lodging, community living residence or golf club. We can help with that.

Join us for the Entegra Cost Outlook Webinar on Thursday, February 8, 2024, at 2:00 pm ET for an informative discussion of how economic indices and commodity prices impact your business.

Featuring Damien Calderini, President and Global CEO of Entegra, and Dr. Henry Zerby, Vice President of Supply Management, we’ll discuss how to protect your margins when making purchasing decisions and much more.

Register now