CommodityOne Weekly Market Reports Archives

March 4, 2022 CommodityOne Weekly Market ReportsBy conconsdev

Freshly Picked, March 4, 2022

Alerts & What’s Trending

Produce

Mushrooms are in a dire state. High prices and limited availability continue to plague the industry.

Grains

Wheat is quite a bit higher this week. Crude oil prices moved close to $100 per barrel. The lack of sunflower oil being exported from Ukraine has pushed buyers to seek other varieties of oil.

Dairy

Egg markets remain down for the week due to uncertainty in demand. Block and barrel markets are mixed and the butter market is down.

Beef

Weather has impacted harvest levels and transportation. Since packers need to keep boxes moving, aggressive buying levels are the norm.

Pork

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Hams are pushing up as the market prepares for Mothers Day and Easter. Demand for bellies rises and remains strong. Retail is pushing an upward trajectory for butts.

Poultry

Whole birds were up this week. Demand for breasts was strong this week but market remained flat. Peak wing season is approaching, and prices are decreasing sharply. Tenders were higher with demand.

Seafood

Seafood items will be widely featured in menus due to Lent for the next 6 weeks leading up to Easter.

February 18, 2022 CommodityOne Weekly Market ReportsBy Steve Moody

Freshly Picked, February 21, 2022

Alerts & What’s Trending

Produce

Mushrooms are in a dire state. High prices and limited availability continue to plague the industry.

Grains

Soybean oil continues to move higher with volatility over the last week. Soybean oil is moving higher along with canola due to tensions in the Black Sea region. There has been 15% increase in soybean oil since last month.

Dairy

Butter, block and barrel markets are down for the week. Continued bad weather across the country are driving cream and egg markets up.

Beef

Larger supplies and lack-luster demand drove this week’s market to be under pressure. Outpacing demand are rib and tender availability. Overall market pressure could drive price lower.

Pork

Hams were sold off this week as exports to Mexico are down. Ribs are trading side ways but demand is steady. Butts are expected to remain stable.

Poultry

Tenders were up while dark meat was flat. Wings should continue to be available. The breast market continues to be very strong. Whole birds were up as supply continues to tighten.

Seafood

The Covid resurgence has made restaffing difficult in China. Record low harvest for Gulf Oysters. Oyster companies are scrambling to acquire raw materials to freeze for the half-shell market. Supplies will be tight in the coming months.

February 18, 2022 CommodityOne Weekly Market ReportsBy conconsdev

Freshly Picked, February 28, 2022

Alerts & What’s Trending

Produce

Mushrooms are in a dire state. High prices and limited availability continue to plague the industry.

Grains

Slight break last week in the soybean oil market. Canola remains firm. We can expect higher canola values.

Dairy

A downturn in retail demand has brought the egg market down. Butter markets are up for the week because of tight milk supplies. Available inventories caused the block and barrel market to move up.

Beef

Chucks and rounds are trending lower. Cattle harvest is approaching pre-COVID levels. Demand should be more evident this week. Rib, tenders and strips may have reached lows last week.

Pork

Butts are steady. Export markets are seeing increased demand in hams. Spareribs move up for next week. Low demand for retail bacon is causing bellies to hold firm. Boneless butts are more available across markets.

Poultry

Wings are more readily available. Random breast market is very strong and continues to increase. Boneless dark meat is stable. Portion control breast have strong demand.

Seafood

Mahi-mahi portions will be tight due to below average harvest in 2021/22 season. Swordfish is considered a great alternative. Record low harvest for Gulf Oysters due to mortality rate. Half shell oysters will be tight through summer.

February 11, 2022 CommodityOne Weekly Market ReportsBy Steve Moody

Freshly Picked, February 14, 2022

Alerts & What’s Trending

Produce

Mushrooms are in a dire state. High prices and limited availability continue to plague the industry.

Grains

Soybean oil is moving higher along with canola due to tensions in the Black Sea region. There has been 15% increase in soybean oil since last month.

Dairy

Continued bad weather is driving the cream and egg markets up causing a shift from retail to foodservice. Block, barrel and butters markets are down for the week.

Beef

Strips, loins and top butts are increasing in demand. Underperforming food service demand is causing tenders to slide. Packers are showing improved production. Transportation and foodservice demand continue to be volatile. Packers have noted that availability of cows is tighter than expected.

Pork

Hams are expected to go back up with increased labor shortages. Bellies continue an upward trend due to tightened availability. Strong buying has caused butts to gain strength.

Poultry

Tender availability is tightening. Breasts continue to have a strong demand with tight supplies. Wings are more widespread with availability on all sizes.

Seafood

The season is ending for mahi-mahi. The 2021/2022 catches are below average resulting in higher costs.

February 4, 2022 CommodityOne Weekly Market ReportsBy Steve Moody

Freshly Picked, February 7, 2022

Alerts & What’s Trending

Produce

Mushrooms are in a dire state. High prices and limited availability continue to plague the industry.

Grains

Soybean oil markets continue to move higher with poorer then expected crops in South America. Good demand and less available stocks are pushing Canola and Palm Markets Higher.

Dairy

Butter markets are down for the week while the cream and eggs markets are up due to continued bad weather across the country.

Beef

Packers are showing improved production. Winter storms in the Northeast and Midwest are hindering distribution. Ribs and tender demand are steady. Strips, butts and short loins are increasing in demand.

Pork

butts are gaining strength again. Loins are seeing an increased demand. Hams are coming down again but are expected to go back up with increased labor challenges.

Poultry

Weather and COVID are affecting overall fresh chicken production. Tender availability is tightening and wings are more available in all sizes.

Seafood

Congestion in ports has not improved, impacting seafood pricing and availability. Inflation persists in most seafood categories.

January 28, 2022 CommodityOne Weekly Market ReportsBy Steve Moody

Freshly Picked, January 31, 2022

Alerts & What’s Trending

Produce

Mushrooms are in a dire state. High prices and limited availability continue to plague the industry.

Grains

Soybean oil markets continue to move higher with poorer then expected crops in South America. Good demand and less available stocks are pushing Canola and Palm Markets Higher.

Dairy

The block and barrel markets are in decline for the week while the butter, cream and eggs market are up due to bad weather across the country.

Beef

Demand remains softer given the demand and sales for January and February year after year. Transportation, labor and COVID continue to heighten volatility within the market.

Pork

Hams hit their floor last week and are starting to come back up. Loins came off their lows and made some big gains. Butts remained flat.

Poultry

Whole birds were up this week as supply continues to tighten. Bad weather in the East and Midwest coupled with staffing issues is impacting production across the country.

Seafood

Congestion in ports has not improved, impacting seafood pricing and availability. Inflation persists in most seafood categories. .

January 24, 2022 CommodityOne Weekly Market ReportsBy Steve Moody

Freshly Picked, January 24, 2022

Alerts & What’s Trending

Produce

Mushrooms are in a dire state. High prices and limited availability continue to plague the industry.

Grains

Soybean markets moved higher due to continued dryness in South American. Reduction in production was announced by Brazil. Palm and Canola both moved higher with production softening.

Dairy

Weather conditions are driving mixed markets. Butter market has moved much higher in recent weeks.

Beef

Several factors are effecting beef. Weather Omicron, reduced harvest and transportation issues are stressing demand. Inventories are tight due to retail demand and limited inventory. End cuts are moving higher in price. Strips, ribs and tenders continue to trade higher.

Pork

Increased labor struggles are causing supply for boneless and precooked bacon supplies to tighten up.

Poultry

Overall Fresh Chicken production is being effected by weather and COVID. The market for random breasts is very strong and continues to increase.

Seafood

Fishing areas being shut down for conservation is leading to a record low harvest for Gulf Oysters. Keta salmon fishery came in way below the forecast harvest. Logistical constraints is resulting in short supply.

January 17, 2022 CommodityOne Weekly Market ReportsBy Steve Moody

Freshly Picked, January 17, 2022

Alerts & What’s Trending

Produce

Mushrooms are in a dire state. High prices and limited availability continue to plague the industry.

Grains

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.

Dairy

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.

Beef

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.

Pork

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

Poultry

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.

Seafood

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.

January 10, 2022 CommodityOne Weekly Market ReportsBy Steve Moody

Freshly Picked, January 10, 2022

Alerts & What’s Trending

Produce

Mushrooms are in a dire state. High prices and limited availability continue to plague the industry.

Grains

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.

Dairy

Increased butter markets are causing the cream market to move higher. The natural, mozzarella and processed cheese markets are higher with lower production

Beef

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.

Pork

Bellies and butts are seeing support because of the short harvest week tightening up availability. Hams moved lower as extra inventory for hams is forcing the market lower

Poultry

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.

Seafood

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.

December 30, 2021 CommodityOne Weekly Market ReportsBy Steve Moody

Freshly Picked, January 3, 2022

Alerts & What’s Trending

Produce

Mushrooms are in a dire state. High prices and limited availability continue to plague the industry.

Grains

Increasing soybean oil supply has helped lower the market. Traders liquidated positions on many commodities including soybean oil due to concerns regarding the Omicron variant.

Dairy

Natural and processed cheese markets were down for the week. Both egg and butter markets were up.

Beef

Packers continue to maximize profits before year end by harvesting as many animals as possible. The market continues to soften on demand. Chucks and rounds are following seasonal trends and strips continue to our perform ribs.

Pork

Spareribs continue to gain strength with retail driving the market. Loins are trading sideways and butt demand looks to pick up after the holidays.

Poultry

Chicken market was relatively quiet. The breast market is higher, as wings and tenders are steady with ample supply.

Seafood

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.

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