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Produce

The more favorable growing conditions combined with the lower demand after the holiday season helped most markets see a decline. However, demand is expected to pick up in the next two weeks and remain strong through the end of the year, which historically brings a slight uptick in markets. There have been minimal growing or harvesting disruptions in the Yuma, AZ, growing region. Supplies remain steady for most commodities. However, Broccolini supplies remain extremely limited and are expected to remain limited for the next 1-2 weeks. Demand has remained steady for all commodities.

Grains

Soybean oil prices declined last week as a result of an EPA court decision and a shortened trading period. Lower markets were helped by good rainfall in Brazil and a nearly full crop harvest in the United States. Although there was no movement in the canola oil market, canola seed futures saw a decrease. Concerns about El Nino and rising demand drove up palm prices.

Dairy

Markets for shell eggs are closed this week. The market for barrel and block is shrinking. It’s butter time. The price of Cream and Culture on the West Coast will go up in December.

Beef

Now that Thanksgiving week is passed, consumers are entirely fixated on ribs and tenderloins. Up to the end of the year, consumers ought to support middle-cut meats. Short loins and strips are still valuable, which has supported increased transactions. Rounds and chucks keep getting softer. The best way to characterize grinds is as choppy, and at most steady, depending on the packer.

Pork

In the marketplace, there is some support for pork butts. There has been considerable strength in this sector due to an increase in demand for upfront purchases. There are still decreases in every other market. Because of the poor retail demand, ribs and boneless loins are declining in popularity. Bellies are predicted to keep getting smaller as they look for the floor.

Poultry

During the height of the chicken industry’s growth season, larger birds with greater yields are the outcome. The breasts are beginning to contract. Tenders are available. Demand for wings of all sizes has somewhat decreased. The market for dark meat is still strong. The majority of whole birds are steady.

Seafood

Prices for Alaska Red King are steep, and supplies are scarce. According to reports, Peru only reopened its second anchovy season three days ago, yet there is still a shortage. Although the market for imported shrimp is currently at all-time lows, prices should soon start to rise again. With the holidays approaching, shellfish products should be used more frequently.

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Produce

Increased demand, growing region transitions, and weather effects continue to negatively impact supplies on many commodities and are expected to remain elevated over the next several weeks. The full transition to Yuma has been fairly smooth this year. There hasn’t been any disruption in the supply chain for most commodities. Broccolini supplies will be very limited for the next two weeks as growers expect a gap in supply due to lower-than-expected production as they finish the Salinas growing region and lower yields out of Mexico caused by weather issues.

Grains

Although the week’s average for futures was little down overall, it ended the week strongly. The market’s trajectory was not significantly impacted by the USDA WASDE report. The ongoing dry spell is slowing down agricultural growth in South America. Canola seed saw an increase after dropping to six-week lows. With worries about El Nino, palm is higher.

Dairy

This week’s markets for shell eggs are up. Block and barrel sales are declining. It’s butter time. The prices for November’s Cream and Culture will be higher.

Beef

Following two weeks of substantial harvests and a decrease in the overall cutout, packers have reduced their output. Chuck rolls and the grind complex are the main causes of the recent decline in the beef market. Beef interest is lukewarm this season. The upper 2/3 or CAB product is still in a well-sold position.

Pork

Even while there is some counter seasonal movement with butts, the demand for pork is still declining. Last week, we saw an upsurge in boneless butts and B/I along with some rekindled enthusiasm. Although currently trading sideways, ribs should start to move lower. Due of low demand, loins are declining. Bellies are also continuing to go downward.

Poultry

During the height of the chicken industry’s growth season, larger birds with greater yields are the outcome. The breasts are beginning to contract. There are open tenders. Demand for wings of all sizes has somewhat decreased. Demand for dark meat is still strong. Most birds as a whole are steady.

Seafood

According to reports, Peru reopened its second anchovy season three days ago, although there is still a shortage. Although the market for imported shrimp is currently at all-time lows, prices should soon start to rise again. The market for tilapia is plateauing following issues with inventory. As the holidays approach, clam products should see an increase in use.

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Produce

Increased demand, growing region transitions, and weather effects continue to negatively impact supplies on many commodities and are expected to remain elevated over the next several weeks. The Yuma transition is complete, but a few items are shipping from Salinas, and all value-added shippers have transitioned. Quality is expected to improve out of the desert region, but growers still see issues such as lighter weights, seeders, twist, and increased insect pressure.

Grains

: Last week, soybean oil prices declined further as dealers kept liquidating their holdings and purchasing soybean meal. Good demand is being experienced, and energies are beginning to rise. There is a strong market for biofuels, so expect some increased trading. The demand for canola seed is low for exports. Palm is flat to up with good availability and low demand.

Dairy

This week’s markets for shell eggs are up. Block and barrel sales are declining. It’s butter time. The prices for November’s Cream and Culture will be higher.

Beef

Following two weeks of substantial harvests and a decrease in the overall cutout, packers have reduced their output. Chuck rolls and the grind complex are the main causes of this week’s decline in the beef market. Beef interest is lukewarm this season as we approach the turkey-heavy Thanksgiving holiday. Throughout the animal, the upper 2/3 or CAB product is still in a well-sold position.

Pork

Even while there is some counter seasonal movement with butts, the demand for pork is still declining. Next week saw an upsurge in boneless butts and B/I along with some rekindled enthusiasm. Although currently trading sideways, ribs should start to move lower. Due of low demand, loins are declining. Bellies are also continuing to go downward.

Poultry

During the height of the chicken industry’s growth season, larger birds with greater yields are the outcome. The breasts are beginning to contract. There are open tenders. Demand for wings of all sizes has somewhat decreased. Demand for dark meat is still strong. Most birds as a whole are steady.

Seafood

According to reports, Peru reopened its second anchovy season three days ago, although there is still a shortage. Although the market for imported shrimp is currently at all-time lows, prices should soon start to rise again. The market for tilapia is plateauing following issues with inventory. As the holidays approach, clam products should see an increase in use.

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Produce

Due to weather effects, growing region transitions, and increased demand, markets have continued to strengthen and are expected to remain elevated over the next several weeks. Western veg (broccoli, cauliflower, and lettuce) markets saw an increase as supplies are lighter due to the tired crops and the transition. Huron has one more week to go; the quality is still very good. In Yuma, growers are seeing smaller and lighter weights with overall lighter volumes from both areas. The market is expected to remain active, and the forecast is to continue to strengthen into the holiday demand.

Grains

: Last week, soybean oil prices declined further as dealers kept liquidating their holdings and purchasing soybean meal. Good demand is being experienced, and energies are beginning to rise. There is a strong market for biofuels, so expect some increased trading. The demand for canola seed is low for exports. Palm is flat to up with good availability and low demand.

Dairy

This week’s markets for shell eggs are up. Markets for barrels and blocks are shrinking. Butter is still down. The prices for November’s Cream and Culture will be higher.

Beef

Packers have unsold positions as a result of larger harvests, rising prices, and poor demand. Trade in the market is becoming softer. In most cuts, the upper 2/3 or CAB product continues to be well-sold. Demand is still the unpredictable factor. The week of Thanksgiving should be watched for shortages to add a little excitement to an otherwise gloomy market. 

Pork

The sluggish demand for pork is causing all primal markets to drift downward overall. Butts keep going downhill and will never stop pushing. Similar to butts, boneless loins are seeing lackluster demand from foodservice and retail establishments. When the demand for reservations declines, ribs also decline. Bellies continue to experience downward pressure as cold storage stockpiles are pushed out by suppliers.

Poultry

It’s the height of the poultry industry’s growth season. All sizes of breasts have a good supply, but we are witnessing a tightness. There are more tenders available, particularly for larger sizes. There is a constant supply of wings in all sizes, but the demand is starting to decline. Dark meat is still quite popular. Whole birds are mixed to steady.

Seafood

According to reports, Peru reopened its second anchovy season three days ago, although there is still a shortage. Although the market for imported shrimp is currently at all-time lows, prices should soon start to rise again. The market for tilapia is plateauing following issues with inventory. As the holidays approach, clam products should see an increase in use.

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Produce

Weather effects continue to cause lower yields across many commodities. These effects are expected to last through the end of the year. Markets out of the Salinas Valley remain stable, with steady supply and overall good quality. Huron has some seeder issues with the past warm weather. The transition to Yuma is upon us. Next week will be the last week for Value- Added shippers, with the first day shipping out of Yuma on Monday, Nov 13th. A few carton commodities have started already in Yuma, with a few more starting next week, but the majority of everything will be the following week.

Grains

Trade in soybean oil remained unstable as it maintained its downward trend. Meal climbed up. Looks like the traders are focused on early planting problems in South America. With soybeans and a weak incoming harvest, canola seed was more expensive. Although palm was lower, El Nino circumstances were predicted to cause it to rise.

Dairy

This week’s markets for shell eggs are up. Block is declining as barrel markets are rising. Butter is also down. The prices for November’s Cream and Culture will be higher.

Beef

The bigger harvest persisted for one additional week because packers had orders to complete. Strips, tenders, and ribs all continue to trade at higher prices, with limited supply on upper two or three boxes. Rounds and chucks have a good balance, and retail should be planned for November advertisements. Grinds are consistent to marginally less strong.

Pork

For the sixth week in a row, butts decreased, and we anticipate that this market will continue to decline in line with typical seasonal tendencies. The demand for spareribs has soared, but it should pass quickly. We anticipate rib complicated decreases. There is therefore little demand for boneless loins, and this trend will continue. Bellies are still falling sharply, and there is no sign of this market’s recovery.

Poultry

During the height of the chicken industry’s growth season, larger birds with greater yields are the outcome. All sizes of breasts have an abundant supply. There are more tenders available, particularly for larger sizes. There is a consistent supply and good demand for wings of all sizes. The desire for dark meat is still high. Most birds as a whole are steady.

Seafood

According to reports, Peru reopened its second anchovy season three days ago, although there is still a shortage. Although the market for imported shrimp is currently at all-time lows, prices should soon start to rise again. The market for tilapia is plateauing following issues with inventory. As the holidays approach, clam products should see an increase in use.

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Produce

Weather events in several growing regions continue to cause a decline in supply across many commodities. We expect to see these commodities impacted for the next several weeks. Supplies out of the Salinas Valley are steady, and markets saw a decline. Growers continue to see other issues such as tip burn, mildew, insect pressure, brown bead, slightly lower weights, INSV, Sclero, and Fusarium. Growers are doing their best to mitigate this at the harvesting level.

Grains

With attention on the most recent USDA report, South American planting, and the status of the US harvest, soybean oil traded flat last week. Due to extreme dryness, South American crop is behind schedule. Last week, technical trading caused canola seed prices to drop, but palm prices remained stable due to a healthy supply and demand balance.

Dairy

This week’s shell egg markets are flat. Block and barrel markets are rising. Although butter is down, there are signs that the market will drop over the coming weeks. The prices for November’s Cream and Culture will be higher.

Beef

Because packers had to fulfill orders last week, there was a higher harvest. Packers’ payments for cattle resulted in higher prices for beef. Tenders, strips, and ribs all went up higher. Chucks and rounds continue to outperform due to greater pricing driven by seasonal demand. The grinds are still steady. 81% of primal source grinds are steadfast in their demands for greater prices.

Pork

For the sixth week in a row, butts decreased, and we anticipate that this market will continue to decline in line with typical seasonal tendencies. The demand for spareribs has soared, but it should pass quickly. We anticipate rib complicated decreases. There is therefore little demand for boneless loins, and this trend will continue. Bellies are still falling sharply, and there is no sign of this market’s recovery.

Poultry

During the height of the chicken industry’s growth season, larger birds with greater yields are the outcome. All sizes of breasts have an abundant supply. There are more tenders available, particularly for larger sizes. There is a consistent supply and good demand for wings of all sizes. The desire for dark meat is still high. Most birds as a whole are steady.

Seafood

A few days ago, Peru reopened its second anchovy season, although there is still a shortage. Although the market for imported shrimp is currently at all-time lows, prices should eventually stabilize. The severe flooding in China is expected to cause supply and pricing issues for the tilapia market in the first quarter of the upcoming year.

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Produce

Weather events across several growing regions combined with the political unrest have caused a considerable decline in supply across many commodities. We expect to see these commodities impacted for the next several weeks. Iceberg, green & red leaf, and butter lettuce supplies out of the Salinas Valley region have tightened slightly due to heat-related issues. Romaine volumes remain steady with good quality.

Grains

The soybean oil market rose as a result of last week’s USDA report showing decreased soybean oil stockpiles. Higher were the beans. Large fund traders lengthened their total positions, which contributed to the market’s increase. Canola had flat yields but a reduced harvest overall. In line with soybean oil, palm was higher.

Dairy

This week’s shell egg markets are flat. While barrel markets are rising, block markets are remaining stable. Butter prices are stable, but signs point to a market decline in the next weeks. For October, there will be slight price hikes for Cream and Culture products nationwide.

Beef

Cattle prices rise as packers cut back on hours. The requirement for buyers to meet nearby needs has contributed to this market’s overall upward trend. Strips moved more slowly while Ribs and PSMO ascended higher. Chucks continue to surpass forecasts as demand keeps driving up prices. Balanced rounds are used. Grinds are consistent.

Pork

Expect concessions in this market to continue following typical seasonal tendencies as the demand for butts continues to decline. Over the coming weeks, low cold storage levels will keep pushing the rib complex up. Since there have been no retail advertisements, loins should continue to decline. The decreased trend in belly sizes is also still present and is predicted to persist.

Poultry

The peak growing season for the chicken industry has led to larger birds. Every size has an abundant supply of breasts. More tenders are available, particularly ones in greater sizes. All sizes of wings are in high demand, and supply is consistent. Demand for dark meat is still very high. Most whole birds are stable.

Seafood

Due to the severe floods in China, the tilapia market is positioned for inventory issues and pricing going into the first quarter of the new calendar year. Expect more usage of shellfish goods like shrimp, crab, and lobster as we approach the holidays, which often see demand rises.

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Produce

Weather effects in multiple growing regions and civil unrest have caused considerably lower supplies across many commodities. We expect to see these commodities impacted for the next several weeks. Supplies out of the Salinas Valley remain steady on the lettuces, but cauliflower, broccoli, and broccolini supplies are light. Growers are beginning to see some quality issues due to heat. Additionally, growers continue to see other issues such as tip burn, mildew, slightly lower weights, INSV, Sclero, and Fusarium. Huron will be starting over the weekend with Lettuce and leaf items. Early reports are for good quality, but we anticipate lighter weights to continue. Growers are doing their best to mitigate this at the harvesting level.

Grains

Last week’s soybean oil futures ended slightly lower, but the market was quite erratic. The South American bean crop is assisting in maintaining lower prices while crude oil was weaker and the harvest was heating up. The canola harvest is almost over, and the overall seed harvest was greater than predicted. Palm slid down a bit.

Dairy

Markets for shell eggs are changing, with some bearish action. Markets for cheese are still declining. For October, there will be slight price hikes for Cream and Culture products nationwide.

Beef

There are still few upper 2/3 grade, light weight ribs and PSMOs available. Except for Select grade, which is seeing minimal market pressure, strips are largely stable. Rounds and Chucks stay in balance. The tendency is toward softer thin meat, particularly on sirloin flap and flank steaks. Grinds continues to struggle with a lack of demand. The price decline accelerates the lower the lean point is.

Pork

Spareribs and back ribs were the only primal markets that saw an increase for the coming week. Bellies, butts, and loins are all descending and will soon start looking for a new surface. Pork sales in October are typically low, and the market is reflecting these patterns.

Poultry

The supply of jumbo and medium-sized birds has increased due to the cooler weather. Breasts are plentiful. The availability of giant and medium size tenders is growing. All sizes of wings are in high demand, and supply is consistent. Demand for dark meat is still very high. Most whole birds are stable.

Seafood

Due to the severe floods in China, the tilapia market is positioned for inventory issues and pricing going into the first quarter of the new calendar year. Expect more usage of shellfish goods like shrimp, crab, and lobster as we approach the holidays, which often see demand rises.

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Produce

Weather effects in multiple growing regions have caused lower yields across many commodities, and we will likely see this continue for several weeks. Supplies out of the Salinas Valley were relatively steady. Huron, CA lettuce, romaine, and leaf items will start the week of Oct 16th, so we are only ten days away, and early reports are quality is good. Weather in the Salinas Valley will be unseasonably hot over the next few days, with some areas reaching temps into the high 90s.

Grains

Stocks of soybeans are more than anticipated but lower than in recent years. Because producers are utilizing less soybean oil than anticipated, biofuel profitability is pushing soybean oil prices lower. Since the harvest is almost 75% complete and canola seed prices are low, canola oil is stable. With improved production figures, palm oil climbed marginally higher.

Dairy

Markets for shell eggs are changing, with some bearish action. Markets for cheese are still declining. For October, there will be slight price hikes for Cream and Culture products nationwide.

Beef

Packers keep reducing the harvest in an effort to lower cow prices. Due to limited supply and great demand, tenders and ribs in the top 2/3 grade and light weight range continue to increase in price. Strips have improved for the short term, and packers are still selling customers on the value. Rounds and Chucks are still balanced. Grinds are still having trouble keeping up with demand.

Pork

Butts finally displayed some market lability as demand leveled off. Even while supplies have grown, particularly in the St. Louis complex, ribs are still soft. Due to the lack of retail demand, loin sales are also down. For the coming week, there was little change in the bellies, which might be an indication that the market is stabilizing.

Poultry

The supply of giant and medium-sized birds has increased due to the cooler weather. Breasts are plentiful. Bird weights and seasonality have boosted the availability of tenders. All sizes of wings are in high demand and in short supply. Demand for dark meat is still very high. The entire bird is steady.

Seafood

Due to the severe floods in China, the tilapia market is positioned for inventory issues and pricing going into the first quarter of the new calendar year. Expect higher usage of shellfish products leading up to the holidays, as we often see demand increases at this time of year: Products made of shrimp, crab, and lobster.

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Produce

The weather effects of El Nino continue to cause lower yields across many commodities, and we will likely see this continue for several weeks. Supplies out of the Salinas Valley were relatively steady. Growers continue to see issues such as tip burn, mildew, slightly lower weights, INSV, Sclero, and Fusarium. Growers are doing their best to mitigate this at the harvesting level. In California, Huron lettuce, romaine, and leaf items will start the week of Oct 16th, so we are only two weeks away, and early reports are quality is good.

Grains

The week came to a conclusion with corn and wheat slightly higher, but the soybean complex as a whole went lower. The soybean complex is being driven by greater than anticipated inflation, the US harvest, falling stock prices, rising crude oil, and an optimistic assessment of the South American crop (which is predicted to be enormous). Palm and canola are both lower.

Dairy

Markets for shell eggs are stable. Markets for cheese are rapidly declining. Markets for butter are exploding. For October, there will be slight price hikes for Cream and Culture products nationwide.

Beef

This week, there seem to be a little fewer tenders and ribs available, which has kept commerce consistent. The price difference between ribs and strips keeps expanding, which can cause consumers to return to strips. Chucks and rounds are still balanced, but eyes are still hard to come by. More supply than demand is still a problem for grinds, so they search for customers who want to stretch their money.

Pork

Butts finally displayed some market lability as demand leveled off. Even while supplies have grown, particularly in the St. Louis complex, ribs are still soft. Due to the lack of retail demand, loin sales are also down. For the coming week, there was little change in the bellies, which might be an indication that the market is stabilizing.

Poultry

Bird weights have increased as a result of the cooler weather. The availability of breasts is abundant, especially in large sizes. Supply of tenders is increasing. All sizes of wings are in high demand and in short supply. Demand for dark meat is still very high.

Seafood

Due to the severe flooding in China, the tilapia market is expected to face inventory issues and higher prices in the first quarter of the new calendar year. Demand for usage on comparable items is anticipated to rise. Expect higher usage of shellfish products leading up to the holidays, as we often see demand rises at this time of year.