Author: conconsdev

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Produce

Mushrooms are in a dire state. High prices and limited availability continue to plague the industry. 

Grains

Soybean, canola and palm oil markets are up. Sunflower oil market is down 50% as much of the production derives from Ukraine. Poor production of palm oil is pushing the market to an all time high. Drought in South America is pushing soybean oil high.

Dairy

Current demand and milk production are pushing block and barrel markets up. The butter market is up as the egg market is down.

Beef

Ribs continue to trade sideways. Strips and tenders are looking to bounce.  Weather has impacted harvest levels and transportation. Since packers need to keep boxes moving, aggressive buying levels are the norm.

Pork

Fresh bellies have declined while supply has remained strong. Hams are continuing upwards as we head towards Easter and Mothers Day. Retail has seen a new interest in bellies keeping the market moving up. Spareribs will continue to trade sideways.

Poultry

Breast Market is up and demand is staying strong. Wings are down but are slowly increasing. Tenders were up and the market is staying strong.

Seafood

Oyster companies are looking for raw materials to freeze. All Texas public fishing areas are closed. There is a record low harvest for Gulf Oysters

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• Restaurant Customers Expect More Digitally-Enabled Experiences 

Produce

Mushrooms are in a dire state. High prices and limited availability continue to plague the industry. 

Grains

Wheat is quite a bit higher this week. Crude oil prices moved close to $100 per barrel. The lack of sunflower oil being exported from Ukraine has pushed buyers to seek other varieties of oil.

Dairy

Egg markets remain down for the week due to uncertainty in demand. Block and barrel markets are mixed and the butter market is down.

Beef

Weather has impacted harvest levels and transportation. Since packers need to keep boxes moving, aggressive buying levels are the norm.

Pork

Hams are pushing up as the market prepares for Mothers Day and Easter. Demand for bellies rises and remains strong. Retail is pushing an upward trajectory for butts.

Poultry

Whole birds were up this week. Demand for breasts was strong this week but market remained flat. Peak wing season is approaching, and prices are decreasing sharply. Tenders were higher with demand.

Seafood

Seafood items will be widely featured in menus due to Lent for the next 6 weeks leading up to Easter.

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• Understanding your sales rep can make for a better beverage program 
• Why Restaurant Data Analytics are a Necessary Tool for Success 

Produce

Mushrooms are in a dire state. High prices and limited availability continue to plague the industry. 

Grains

Slight break last week in the soybean oil market. Canola remains firm. We can expect higher canola values.

Dairy

A downturn in retail demand has brought the egg market down. Butter markets are up for the week because of tight milk supplies. Available inventories caused the block and barrel market to move up.

Beef

Chucks and rounds are trending lower. Cattle harvest is approaching pre-COVID levels. Demand should be more evident this week. Rib, tenders and strips may have reached lows last week.

Pork

Butts are steady. Export markets are seeing increased demand in hams. Spareribs move up for next week. Low demand for retail bacon is causing bellies to hold firm. Boneless butts are more available across markets.

Poultry

Wings are more readily available. Random breast market is very strong and continues to increase. Boneless dark meat is stable. Portion control breast have strong demand.

Seafood

Mahi-mahi portions will be tight due to below average harvest in 2021/22 season. Swordfish is considered a great alternative. Record low harvest for Gulf Oysters due to mortality rate. Half shell oysters will be tight through summer.