CommodityOne Weekly Market Reports

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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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Produce

Markets remain volatile. Iceberg is at a historic low while garlic, mushrooms, strawberries and cantaloupes remain active

Grains

Futures markets moved lower. Canola and Palm oil continue to move higher as demand rises.

Dairy

Egg markets increased due to higher demand. Butter production was low and cheese markets have slowed due to decreased demand.

Beef

As buyers prepare for holiday demand in both foodservice and retail, middles continue to exhibit price strength and tighter supply in the market.

Pork

Butts are still showing indications of weakening, but they are a good value for money at the grocery store when compared to other proteins. Demand for loins has slowed in the next week, resulting in a significant drop in prices. 

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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Produce

Markets remain in a volatile state. Romaine, cantaloupes, strawberries, mushrooms and garlic are very active. Markets overall remain in a volatile state.

Grains

 Palm oil markets are higher. Canola values continue to trend higher with poor production 

Dairy

Butter is up with lower inventories. Eggs are down with fair demand. Natural and mozzarella cheese markets are down. 

Beef

Pricing on tenders, strips and rib eyes climb as cattle are not meeting specs. Better pricing as buyers look to inventory levels. 

Pork

Belly prices fell with increased supply. Pork Butts are trading sideways.  

Poultry

Whole birds were up with relatively stable pricing. The breast market was flat as demand has improved. 

Seafood

 Domestic shrimp is in good supply. North Atlantic Lobster big tails are on allocation. Alaskan snow crab quota has been cut 88%. 

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Produce

Demand for iceberg is driving it to historic levels. All around produce markets are in a volatile state.

Grains

Futures prices moved lower. Harvest is nearing its end. Canola & Palm Oil moves higher.  

Dairy

Increased retail demand drove processed cheese markets up. Historic demands drive butter up while egg market is down due to ample supply. 

Beef

Choice and Select grades are costing more. Strips, tenders and ribs are becoming more attractive to buyers

Pork

Market is showing weakness. Loins and butts are coming down. Bellies supplies have increased. Exports should pick up.  

Poultry

Poultry market is lower as we approach slower time of the year. Medium/small wings were steady as jumbo wings fell. 

Seafood

Inflation and rising costs persist. Alaska snow crab quota has been cut 88%. Domestic shrimp is in good supply. 

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Produce

Suppliers are being faced with shortages on labor. Markets are volatile and trying to meet demand. 

Grains

Futures prices moved lower. Harvest is nearing its end. Canola & Palm Oil moves higher.  

Dairy

Mozzarella and natural cheese prices were down. Tight cream supplies force butter up. Eggs are in low demand. 

Beef

Prices are becoming more attractive to buyers. Market appears to be near the bottom.  

Pork

Market has come down going into next week. Hams are falling due to low exports to Mexico. Plants are seeing increased labor struggle.  

Poultry

Tenders are down/ availability is increasing as we approach slower part of the year. Jumbo wing supply is prevalent. 

Seafood

Ports in California continue to experience backlog. Domestic shrimp is in good supply. Alaska snow crab quota has been cut 88%

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Produce

There are constraints on value-added and processed items. The shortage on labor continues to affect the market.  

Grains

Wheat has been increasing since July, up 75%. Canola oil trends higher.

Dairy

Natural mozzarella and processed cheese was up due to increasing demand and labor shortages. Egg market is down with large supply and flat demand.  

Beef

 Limited availability depending on grade. Strips, tenders and ribs, are leveling in price.

Pork

Retail demand drove lift in pork butts. Bellies should be close to their peak.

Poultry

 Chicken market is low as we approach the slow time of the year. Jumbo wings were own with increased availability. Medium and small wings stayed steady.

Seafood

Alaska snow crab quota has been cut 88% while domestic shrimp is in good supply. Cod quotas will be announced shortly with reductions for 2022.

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Produce

There are constraints on value-added and processed items. The shortage on labor continues to affect the market.

 

Grains

Canola continues to do poorly while harvest is getting underway for corn and beans.

Dairy

The natural, mozzarella, and processed cheese markets all saw increased demand this week. As supplies tighten, butter markets are also up week over week. Shell egg demand is stable to declining in the foodservice retail sector.

Beef

Rounds and chucks prices are increasing due to retail. Strips trend lower.

Pork

Export demand for ham is strong in preparation for holidays.

Poultry

As we approach the seasonally sluggish time of the year, the poultry market was down throughout most complexes. There is more availability on all sizes of wings.

Seafood

Despite the hurricane, shrimp still is in good supply. Cod quotas will be reduced.

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Produce

Freight shortages and a lack of reliable manpower continue to put the industry to the test. Suppliers are still struggling to keep up with demand. Production has reached its maximum capability. some providers and are unable to match the demand for supplies

 

Grains

The soybean oil market in the United States has dropped once more as the crop looks stronger than projected. The COVID rate in Malaysia and Indonesia has forced several palm plantations to close, sending the price higher.

Dairy

Natural cheese and mozzarella markets were down while processed cheese markets were up. Egg demand is down due to a mix of retail and foodservice demand.

Beef

The market continued to drop. Rounds & chucks appear to be soft. Strips and tenders continue to trend lower going into fall.

Pork

Fresh supply levels out as seasonal demand for butts continues to wane, and the market continues to fall.

Poultry

Wings were down, and we’re seeing more availability across the board. Tenders were down, and we’re seeing more availability for the first time this year.

Seafood

Pasteurized crab meat is in low supply, with no alternate options available until spring. Major delays in US ports continue to cause frozen seafood shortages.

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Produce

The sector continues to be challenged by a lack of consistent labor. As manufacturing nearing capacity limits for some, suppliers are still struggling to keep up with demand.

Grains

The soybean oil market in the United States has dropped once more as the crop looks stronger than projected. The COVID rate in Malaysia and Indonesia has forced several palm plantations to close, sending the price higher.

Dairy

With mixed demand indications, natural cheese, mozzarella, and processed cheese markets are all up week over week.

Beef

The market was unable to sustain these prices for another week. Consumer and buyer pressure pushed the price of almost every cut of beef down. Rib meat holds it value as rounds and chucks continue to be growing in availability.

Pork

Fresh supply levels out as seasonal demand for butts continues to wane, and the market continues to fall.

Poultry

Wing sales were down, although demand for jumbo and medium wings remained robust. Tender prices are at all time highs.

Seafood

Despite the hurricane’s inconveniences, the domestic shrimp harvest is continuing smoothly. Due to increased captures, several items that were shorted in the spring are now back in stock in the Portico brand.

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Produce

Lack of labor causes problems for the industry. Suppliers are struggling to keep up with demand.

Grains

The USDA just released its monthly report, which revealed that there is less soybean oil available but less demand from biofuels.

Dairy

With higher demand, natural cheese, mozzarella, and processed cheese markets are up week over week. The butter market is up as well.

Beef

Rib meat is hard to find and is being sold at a very fast rate. Rounds and chucks are weak and strips and tenders demand is lacking.

Pork

Due to labor shortages, boneless butts are still scarce.

Poultry

The chicken market was flat this week except for breasts. There is less availability for wings.

Seafood

Despite the hurricane’s inconveniences, the domestic shrimp harvest is continuing smoothly. Pasteurized crab meat is in short supply, and there are no alternatives available.