is the monthly Restaurant Performance Index published by the National Restaurant Association. The above link is for April sales and was released in the end of May 2009.
According to the report headline, “Restaurant Industry Outlook Continues to Improve as the Restaurant Performance Index Rose to its Highest Level in 11 Months”
The entire report is just three pages and a quick read. Of great interest is the last page which breaks down some of the data.
What can be fairly said here is the report bodes well for dairy consumption. What is of great concern is the fact that the CME price for block Cheddar averaged $1.2045 per pound in April. Then in May, when restaurant sales clearly picked up the average block Cheddar price on the CME fell to $1.1394 per pound.
There was a philosopher in ancient Greece, Diogenes who went round in the daytime with a lamp. When asked why, Diogenes replied, he was looking for an honest man. Think of the trouble the poor guy would have at the CME.