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There is more availability on small limes this week. Larger sizes will continue to be short. Volumes on tomato are tight. Avocadoes are expected to stay at or above current market pricing.
Last week was very volatile for the grains market. Soy and corn so the most activity. Farmers in the midwest are making some progress with planting and getting back to normal levels. Favorable weather is expected in the corn belt.
Soft demand caused the butter markets to be down. Eggs move higher due to Avian Influenza concerns. The cheese market has appeared to level out.
Cattle are expected to remain steady. Overall beef demand seems to be modest this spring. There are less retail sales because wholesale beef markets are historically high. Consumers have been moving from higher end cuts to chuck, rounds and ground products for lower costs.
US pork output is expected to be down due to unfavorable hog supplies. As Memorial Day approaches, butts are trending up along with loins. Bellies saw a slight uptick for the next week.
Breast and tender market are expected to increase. Boneless breasts are nearing a record high. Labor issues, high feed costs and ingredient shortages are hampering production.
the 2021/22 catches aren’t looking good and are below average, resulting in higher raw material costs. Canadian crab season has begun with 75% of the quota already being caught.