Alerts & What’s Trending
- Flavor of the Week: Spicy Honey
- Instacart Picks a Fight with Restaurants
- Menu Price Inflation Reaches 40-Year High
- Emerging Restaurant Revenue Streams, Menu Selections, and Operational Changes for 2022
- Reimagining the Restaurant Experience Is a Recipe for Success in Staffing
Mushrooms are in a dire state. High prices and limited availability continue to plague the industry.
Soybean oil markets moved higher over the last couple of weeks due to demand increases, higher crude oil, much higher palm oil, and a consistently high Canola market.
Processed cheese and milk markets are up for the week due to tightened milk supplies. Egg markets are up due to higher retail demand as companies and schools return to remote operations.
Packers have been allowed to drive prices up. Shorter production weeks has allowed producers to better position inventories. Strips and tenders are trading steady. Ribs continue to slow in demand and drive pricing down. Chucks and rounds are following seasonal trends.
Butts showed a slight dip due to labor issues. Hams are continuing to trend down but are expected to trend back up. Bellies continue to gain strength
Outside forces, like weather and Covid, are affecting fresh chicken this week. Wings and tenders are becoming more available as while the random breast market is facing supply constraints.
Inflation prices are hurting the sector as 85% of the seafood in the US is imported. Atlantic salmon inventories are rising while most of the tilapia being harvested are small.