CommodityOne Weekly Market Reports Archives

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

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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.

December 19, 2021 CommodityOne Weekly Market ReportsBy Steve Moody

Freshly Picked, December 20, 2021

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 cheese market has not moved over the past two weeks. Butter market is down, eggs are higher for the week.

Beef

Stripes have shown a slowdown in demand. Chucks and rounds tend to soften in early December and then move strongly higher into the new year. Availability remains on most cuts.

Pork

Bellies are trending higher as supplies are trying to produce more bacon due to increased demand. Ribs are moving up as retailers try to fill their shelves for next year. Butts continue as normal.

Poultry

Product availability was flat this week since tenders have stabilized. Wings are steady as we approach peak season (February/March) Might be time to think about freezing product

Seafood

Rising costs and inflation persist in most seafood categories as 85% of the seafood consumed in the U.S.A. are imported. There will be a shortage of Tilapia 7oz-9oz filets in the coming months

December 13, 2021 CommodityOne Weekly Market ReportsBy Steve Moody

Freshly Picked, December 13, 2021

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 cheese market has not moved over the past two weeks. Butter market is down, eggs are higher for the week.

Beef

Stripes have shown a slowdown in demand. Chucks and rounds tend to soften in early December and then move strongly higher into the new year. Availability remains on most cuts.

Pork

Bellies are trending higher as supplies are trying to produce more bacon due to increased demand. Ribs are moving up as retailers try to fill their shelves for next year. Butts continue as normal.

Poultry

Product availability was flat this week since tenders have stabilized. Wings are steady as we approach peak season (February/March) Might be time to think about freezing product

Seafood

Rising costs and inflation persist in most seafood categories as 85% of the seafood consumed in the U.S.A. are imported. There will be a shortage of Tilapia 7oz-9oz filets in the coming months

December 4, 2021 CommodityOne Weekly Market ReportsBy Steve Moody

Freshly Picked, December 6, 2021

Alerts & What’s Trending

Produce

Mushrooms are in serious trouble. The sector continues to be plagued by limited availability and excessive prices. Strawberries are still scarce and in poor supply.

Grains

Following news reports on the Omicron COVID version, the soybean oil market trended higher last week before plummeting on Friday. Throughout the week, the market was higher than typical.

Dairy

The natural mozzarella and processed cheese markets are up for the week. Butter market is higher with tighter cream supplies. Demand is high on the egg market.

Beef

Due to the holiday week, the market remains calm generally, with limited activity. Prices for strips have remained stable, but ribs have continued to underperform. Overall, Chucks are consistent.

Pork

Seasonally, growth are expected to be limited as merchants shift their focus to other protein sources. Demand is slowing, thus loins are continuing to decrease. For the second week in a row, ham prices have gradually increased.

Poultry

The growing circumstances for birds are excellent across the country, allowing for larger birds. Holiday schedule may be limiting some supply, therefore the random breast market is growing. Tenders are now available on the open market and prices have remained stable.

Seafood

The Alaskan red King crab fishery has been shut down due to all of the major crab being down substantially.

November 29, 2021 CommodityOne Weekly Market ReportsBy Steve Moody

Freshly Picked, November 29, 2021

Alerts & What’s Trending

Produce

Mushrooms are in a bad way. The sector continues to be plagued by low availability and excessive prices. Broccoli and strawberries are both in poor supply and scarce.

Grains

Soybean oil supplies rose, prompting traders to sell soybean oil futures, causing the market to fall. Palm oil is under pressure as a result of decreasing soybean oil prices, resulting in a market drop.

Dairy

Natural and mozzarella cheese markets are rising, whereas processed cheese markets are falling. Because butter production was reduced, the market grew. As a result of the growing demand, the shell egg markets grew.

Beef

Overall, the market was sluggish as packers and buyers reassessed their positions and market expectations for the future. Strong premiums continue to be rewarded for higher grade livestock and beef. In both food service and retail, buyers are continuing to plan for holiday demand.

Pork

Demand for loins is continuing to decline. Ham prices move slowly higher. Spareribs are increasing in demand and prices are increasing. Bellies took a dive this week.

Poultry

The weather has been ideal for bird growth across most of the country, allowing the birds to flock in large numbers. Wings of all sizes are now more readily available. Tenders are being released to the open market, and the price is falling. The market for random breasts is weakening. The cost of dark meat is decreasing.

Seafood

Alaskan snow crab quota has been cut by 88% after a population decline.

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