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Produce

The sector continues to be challenged by a lack of consistent labor. As manufacturing nearing capacity limits for some, suppliers are still struggling to keep up with demand.

Soybean oil ended lower last week. Soybean is looking to out-perform helping advance the market. Canola oil remains the same.

Dairy

The markets for natural cheese, mozzarella, and processed cheese are all down. There is enough supply to meet demand.

Butter prices rose week over week, owing to increased demand.

Although demand for shell eggs has decreased week over week, it remains fair to good.

Beef

Due to the softness of the beef complex, most purchases have slowed.

Last-minute demand for middles, primarily from individuals in need of rib meat, aided production bolster a dwindling end complicated cut

Chucks, Rounds, and Briskets look to have made a comeback a set of pricing points that can’t

Last-minute demand for middles, primarily from individuals in need of rib meat, aided production bolster a dwindling end complicated cut

Chucks, Rounds, and Briskets look to have made a comeback a set of pricing points that can’t be exceeded has hampered the interest of potential buyers

Pork

We are seeing a drop in primal markets following the holiday season.

Butts have experienced some relief since Labor Day.
Spareribs and back ribs are being reduced now that demand from bookings has subsided. The market for St. Louis ribs has shifted in the opposite way, with a rise in demand. Bellies are still shrinking.

Poultry

Despite the fact that labor is still in short supply across the industry, many processors are optimistic. In the future, availability will improve in the future weeks.

Tenders are very expensive and hard to come by.

Seafood

Due to a lack of labor to unload containers from ships, US ports are still experiencing delays, resulting in major imported seafood shortages. The public freezers are overflowing.

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Produce

Industry-large lack of labor causing major shortages in all segments of business in all executions of supply chain.

Soybean oil ended lower last week. Soybean is looking to out-perform helping advance the market. Canola oil remains the same.

Dairy

Cheese and Mozzarella up while processed down. Eggs continue with increased demand

Beef

Beef is outperforming what was expected.  Rounds, Chucks, Ribs and Briskets stay strong to solid price due to high demand. Strips, tenders and thin meat slow growth.

Pork

Demand for Butts from retail and foodservice has increased. Ribs continue with strong demand

Poultry

Hurricane Ida caused major issues for chicken farmers. Labor shortages are causing supply disruption. Labor Jumbo wings were flat with less availability. Bonesless skinless thighs were up making for an all-time high record.

Seafood

Due to COVID-19, Vietnam is completely shut down. Shrimp farmed and pangasius supply are affected, as there is no operation.

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Produce

Lack of personnel, pallets, and freight in all parts of the business continue to provide obstacles in the execution of the supply chain flow from harvest to shredding.

Last week, the soybean oil futures market was trending lower until Friday, when it lost nearly 300 points.
The increase in COVI was regarded by traders as a positive sign.

Dairy

Butter prices increased week over week, despite output dropping.
Markets for natural cheese and mozzarella are falling, while markets for processed cheese are growing.

Beef

Despite a good harvest week, the beef supply chain remains constrained. The beef complex as a whole continued to exhibit increasing prices.

Pork

Harvest is still lagging behind usual seasonal averages. Product bone out continues to be a challenge for suppliers. Butts are still a good deal in retail and foodservice, therefore this market, especially boneless butts, is expected to be robust

Poultry

Labor shortages persist across the business, but supply for many commodities is improving. Wings are becoming more readily available. Demand is projected to tighten as a result of the tightening. Tenders are very expensive. and are hard to come by. The market for breasts is booming on a positive upward trend demand.

Seafood

Due to increased catches, the domestic shrimp supply has greatly improved in recent weeks.
Due to rising shipping costs, the price of imported cod, pollock, and haddock is increasing.

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Produce

Lack of manpower, freight, and operational challenges continue to plague all aspects of the business, posing difficulties in the execution of the supply chain flow from harvest to shipping to reception.

Grains

As a result of the USDA report released last week indicating lower soybean oil supplies, the soybean oil market has risen. However, it is still trading in a range, and while the futures market is higher, the cash market is largely unchanged. Due to the drought, canola is in the early stages of harvest, with smaller seeds and thus less oil. The palm of the hand is higher.

Dairy

With milk shortages due to the return of schools, cheese markets have risen week after week. With a limited milk supply, butter markets have also grown week over week. With robust demand from retail and foodservice, all shell eggs climbed significantly week over week.

Beef

The availability of meat is now overshadowing price hikes, and the supply chain is once again dry due to back-to-back lower harvests. Overall market strength helped the entire beef complex, with nothing showing a price drop. Price increases were led by ribs, briskets, and chucks, which are all in hot demand for Labor Day advertisements.

Pork

Butts remain the best value buy when compared to other proteins, but they continue to trade sideways due to tight supplies and strong demand. Loins are following in the footsteps of butts, so anticipate the concessions to slow and the market to trade sideways. Although belly fat levels have dropped from recent highs, resources remain scarce.

Poultry

Whole birds are up. Breasts were raised. Tenders are higher due to increasing demand. Wings were flat, yet they were still in high demand. Boneless dark meat is in high demand, and prices are rising. Dark meat that hasn’t been boned is flat.

Seafood

Lobster tails from the North Atlantic (6.77 oz and up) are on allocation until at least December, when the Nova Scotia season begins. The new season’s warm water lobster tails have begun to arrive in the United States.
Lobster tails from the Portico brand will be available in a few weeks. Pasteurized crab flesh has a very low shelf life.