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Produce

Weather issues across many regions are causing markets to trend upwards and will likely remain for several weeks. Many of the mixed vegetables out of the Salinas Valley see volatility due to increased INSV pressure combined with warmer temperatures.

Grains

Canola has improved to a point where we will see much more seed availability. Improved weather conditions caused the soybean oil market to trade down last week.

Dairy

Retails are increasing egg buying pushing eggs higher. Increased exports have pushed butter prices higher. Markets were higher this week for block and barrel cheese markets. 

Beef

Strips continue to show firm demand. Markets continue to hold flat with buyers and packers both trying to gain leverage. Ribs are steady.

Pork

Good supply and steady demand brought trimmings down this week. Demand for bacon is decreasing causing bellies to decline. There has been a big demand on retail loins causing supplies to tighten and driving the market up. The market is holding flat on ribs as the market is stable.

Poultry

Pricing for thigh meat was down again this week. Labor Day demand has evened out the random breast market. Supply on wings has begun to constrict has football season nears.

Seafood

Importers brought in excess inventories of Whites and Tigers saturating the market. Prices are declining on specific sizes of shrimp. There is a good market value on frozen tuna as supply has improved. Shipping delays are facing the tilapia market.  

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Produce

Situation on potato supply continues to be dire. Demand is exceeding supplies in all regions.

Grains

Canadian weather is good for canola crop. Canola and palm moved higher, keeping pace with soybean oil. Dry weather is the cause for higher markets. Most grain based commodities rose last week.

Dairy

Eggs continue to move lower with a well supplied demand. Cream supplies are tight forcing butter markets higher. Demand for cheese is softening though the market moved higher.  

Beef

Strips continue to show firm demand. Markets continue to hold flat with buyers and packers both trying to gain leverage. Ribs are steady.

Pork

Trimmings are trending up. The belly market is searching for a correction. Demand for loins in retail are rising and driving the market up daily. Ribs are stable with a relatively flat market. The butt market continues to decline

Poultry

Breast market is down with good supply. Prices remain high for tenders. Wing season is approaching, and supply has begun to constrict. Jumbo sizes are tight. Medium and small wings have availability.

Seafood

There is an excess shrimp inventory for both Wats an Tigers. Demand has softened due to slow retail sales. Prices are declining. Labor shortages are forcing delays in Tilapia shipments. Inflationary pressures and a heavy supply of low-cost imports is causing the domestic shrimp market to face downward pressure.

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Produce

Potato supply continues to be dire. All regions are seeing demand outpacing supply.

Grains

Canola Oil looks good with great weather in Canada. The EPA has recently announced biofuel rebates and renewable manufacturers are stepping up to buy. Soybean has continued higher, with continue hot weather. The crop has been downgraded for the next 6 weeks.

Dairy

Canola Oil looks good with great weather in Canada. The EPA has recently announced biofuel rebates and renewable manufacturers are stepping up to buy. Soybean has continued higher, with continue hot weather. The crop has been downgraded for the next 6 weeks.

Beef

Ribs continue to be steady. Strips continue to show strong demand. End cuts continue to be steady.

Pork

Bellies are high but expected to ease. Tight supplies and labor are causing an upwind spin on loins. Ribs are trending upwards as Labor Day approaches. Spareribs dropped sharply as demand has decreased. The high but prices from the summer are starting to come down.

Poultry

Chicken wings are approaching a 10-year low for pricing. Large wings are being constricted as we head into football season. The random breast market has dropped this week. Prices remain high for tenders.

Seafood

IQF tilapia are seeing shortages due to shipping delays, labor issues and lack of containers.

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Produce

The main country of origin for avocados continues to be Mexico. California is seeing decreased volume. Lemons are seeing tighter supply on good quality. Fingerling potatoes are seeing a limited supply for the next 4-5 weeks. Limited supplies on cilantro and parsley are being reported due to high heat in growing regions.

Grains

Both canola and soybean are moving higher. Palm prices are moving higher as Chinese demand increases. The very hot and dry weather is causing soybean oil futures to move higher. Adding demand to the market are biodiesel and rebates which the EPA has recently announced.

Dairy

Cream prices have moved up along with the butter market. There is good demand and flat supply causing egg market to move down. Tight stocks are causing the butter market to move higher. Cheese markets have moved lower with an increase of supply.

Beef

Consumers are searching for lower price points by searching out end cuts. Costs are being pushed down for tenders which are in good supply. Strips are holding a firm demand and price. Overall markets are steady going into the month of August.  

Pork

Increased demand for bellies are moving them back up. Supply and demand for ribs are leveled off. They are down slightly. Retail demand has caused loins to rise. Unusual highs has caused the butt market to decline.

Poultry

Prices and availability are tight and high for tenders. The random breast market is expected to drop this week. Supplies are ample for wings hitting a 10 year low on pricing. Wings of all sizes are readily available. Overall excess supply has hit the market.

Seafood

Domestic gulf shrimp is in season. Compared to last year, supply has drastically improved. There is great value in promoting for summer specials.

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Produce

Mexico continues to try to control the volume of avocado as they continue to have competition with Peru and Columbia. The lemon market is stronger on fancy but steady on choice grade.

Grains

Canadas weather has been ideal for Canola, moving seed and oil prices lower.

Dairy

Food service demand for eggs continues higher while retail demand remains flat. Milk production has been low. Both cheese markets have been lower.

Beef

There are certain grades that continue to be very difficult to find including PRIME and CAB PRIME. Firm demand and pricing are coming from strips. There is ample supply in tenders causing the price to push down. End cuts like chuck, flats and eyes continue to attract interest from retail as they look for lower price cuts. 

Pork

Fall ham bookings have increased and are seeing demand. Demand for bellies and bacon remains very strong. Supply has increased for ribs, continuing their downwards trend. Demand has tapered off for butts.

Poultry

The market for random breasts has dropped this week. There is tight availability and high prices on tenders. Wings are approaching a 10 year low with an ample supply. Wings of all sizes are readily available. Overall poultry market is good and excess supply has hit the market.

Seafood

Landing are heavy for domestic shrimps. Domestic brown shrimp is in season with forecasts calling for a good harvest. Customers have looked for an alternative white fish from cod causing sales to slow. There are opportunities for growth in the frozen tuna market.

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Produce

Overall markets have remained relatively steady with the increased demand. Markets are expected to see an increase in the coming weeks due to increased demand as families finish last-minute vacations. The avocado market continues to show signs of adjustments due to higher availability of fruit in the market. Chile and bell pepper markets remain active. Supplies are light, especially green bell peppers.

Grains

Corn, soybeans and wheat moved lower last week. Growing weather for canola is ideal, softening the market.

Dairy

Cheese markets have been lower with decreased demand and strong production. Weak foodservice demand has brought butter down. Both food service and retail demand has driven eggs up.

Beef

Prime continues to be hard to find. Packers seem to be hesitant of long-term commitments. Ribs and tenders are steady. Strips continue to have a strong demand.

Pork

Strong inventories have moved ribs down. Retail is driving loins up. Supply on butts is tight and may push the market up due to strong retail sales.

Poultry

The random breast market has dropped with excess demand. Tender available is very tight with high prices. Wings are approaching a 10 year low and readily available. Overall, excess supply has hit the market.

Seafood

Domestic brown shrimp season has kicked off. Catches are heavy all around for shrimp.

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Produce

Overall demand is expected to increase over the next few weeks. There has been a lot of heat in the southeast that could bring crops early or damage them. . There is improving volume on mid-sized to small limes. Larger sizes will continue to be short. Favorable weather conditions throughout the growing regions have fueled increased supplies for many commodities helping markets remain steady as we see increased summer demand. Harvest crews continue to wok product in the fields to mitigate quality issues.

Grains

Corn, soybeans and wheat are moving lower.  Palm oil moved lower as Indonesian exports continue to increase. Soybean stocks were reported as being higher since the weather has been favorable for good soybeans.

Dairy

Egg demand is strong from food service and retail. A lack of demand for butter has driven markets down. Exports ae strong for cheese.

Beef

Chucks are tight in supply. Retail and grinders are still looking for value cuts. Strips and tenders are in very tight supply. Packers and sellers are still trying to set expectations for future markets.

Pork

Exports on hams are up. There are strong inventory levels for ribs has demand has let up. The market could be pushed up due to the tight supply of boneless butts.

Poultry

Labor shortages have created a tight supply for portion-controlled breasts. Excess supply of random breasts has caused the market to drop. Tenders are running very tight with high prices. Prices are down for wings of all sizes this week.

Seafood

Importers have brought in excess White and Tiger shrimp. The Spring Lobster Pack season has started for Maine and will last through November. The 2022 wild Sockeye salmon harvest is off to a strong start. Domestic brown shrimp season will kick off this week.  

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Produce

Overall demand is expected to increase over the next few weeks. There has been a lot of heat in the southeast that could bring crops early or damage them. . There is improving volume on mid-sized to small limes. Larger sizes will continue to be short. Favorable weather conditions throughout the growing regions have fueled increased supplies for many commodities helping markets remain steady as we see increased summer demand. Harvest crews continue to wok product in the fields to mitigate quality issues.

Grains

Palm oil moved lower as Indonesian exports continue to increase. Soybean stocks were reported as being higher since the weather has been favorable for good soybeans.

Dairy

Food service demand and good retail has pushed eggs higher. Good cream demand pushed the butter market higher this week. Cheese market rebounded this week due to increased exports.

Beef

Market price correction are expected to begin. Ribs, strips and tenders will remain steady or be slightly higher due to limited availability.

Pork

Ribs have a slight decrease as the summer buying season has slowed. Loins are moving up this week while boneless butts are strong. Butts did see a dip but should rebound.

Poultry

There are excess medium wings available. Tenders are on a very tight supply. Jumbo wing pricing has been mostly steady. Extremely hot weather could change the favorable buying dynamics. 2.5% of the turkey population has been lost due to the Avian Flu.

Seafood

Catches on peeling shrimp continue to be good.  Scallop season has begun, but has been much slower than normal. The sizing of  is consistent with this past year, where majority are 10/20’s, or smaller. Canadian processing companies have stopped snow crab lines due to the strong decline in the market. They are dedicated to stabilizing the market and attempting to turn things around.

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Produce

There has been a lot of heat in the southeast that could bring crops early or damage them. . There is improving volume on mid-sized to small limes. Larger sizes will continue to be short. Favorable weather conditions throughout the growing regions have fueled increased supplies for many commodities helping markets remain steady as we see increased summer demand. Harvest crews continue to wok product in the fields to mitigate quality issues.

Grains

Soybean oil futures fell . Canola prices started to move lower, too, falling in step with soybean and palm oils. Gains had a mostly down week with corn and wheat. Volatility on these items will persist. The soybean export season will get underway soon. Soybean oil traded higher last week but finished down sharply. Weather has improved in Canada for Canola, but no real pricing action has taken place.

Dairy

Concerns about demand drove the butter and cheese markets weaker. Shell Egg markets continue to climb with good demand and less production. Cream and Culture pricing is increasing for July. The butter market was slightly weaker this week, but buying is aggressive.

Beef

Packers are doing the best they can to increase their margins. Ribs continue to remain steady. Loins remain strong and tight in supply. Tenderloin supply continues to keep trades active to keep them moving. Ends are steady.

Pork

The butt market continues to move up. Ribs are coming down next week, as most of the ribs sold were pre-booked. Loins are coming off a weak week and now trending higher. Bellies have softened up going into this week.

Poultry

As of now product availability is good but  could change with extreme hot weather and a shortened July 4 production week. Wings pricing has been steady . Medium and small wings were down. Availability on tenders is very tight with high prices. The random breast market price drop has stabilized.

Seafood

Scallop season has begun, but has been much slower than normal. The sizing of  is consistent with this past year, where majority are 10/20’s, or smaller. Canadian processing companies have stopped snow crab lines due to the strong decline in the market. They are dedicated to stabilizing the market and attempting to turn things around.

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Produce

There has been a lot of heat in the southeast that could bring crops early or damage them. . There is improving volume on mid-sized to small limes. Larger sizes will continue to be short. Favorable weather conditions throughout the growing regions have fueled increased supplies for many commodities helping markets remain steady as we see increased summer demand. Harvest crews continue to wok product in the fields to mitigate quality issues.

Grains

Gains had a mostly down week with corn and wheat. Volatility on these items will persist. The soybean export season will get underway soon. Soybean oil traded higher last week but finished down sharply. Weather has improved in Canada for Canola, but no real pricing action has taken place.

Dairy

Block and barrel markets dropped this week. Butter prices are down slightly but cream remains tight. Prices on eggs continue to increase. Production will be stressed as the weather starts to turn warmer for most of the country.

Beef

Packers are trying to hold steady pricing for as long as possible. Chucks and rounds continue to trade steady. Tenderloin supply is outpacing sales. Packers hope to slow the drop in trade in the nearby month. Ribs continue steady. Ribs are steady.

Pork

Bellies are going up for next week. Loins have slipped as retail has backed off. Pork butts continue to move up as demand has steadily increased

Poultry

The random breast market is high, but prices are starting to drop. Tenders’ availability is very tight with high prices. We are starting to see additional product availability as bird weights have improved and demand has softened.

Seafood

Canadian processing companies have stopped snow crab lines due to the strong decline in the market. They are dedicated to stabilizing the market and attempting to turn things around.