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The Cheeseburger Menu index fell in week 44 but was practically unchanged over October. Declining cattle prices reduced costs, while spot milk and SMP prices eased after recent gains.
Onion prices stayed firm.
Lower cattle prices reduce beef input costs, while easing dairy prices point to softer milk and powder values. The overall signal is a stable cost environment with no major price shock.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.