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Produce

Continued adverse weather conditions across various growing regions have caused a considerable drop in overall yields and an uptick in quality problems and bloom loss. Thankfully, several regions are expected to experience better weather in the upcoming weeks, which will likely improve the situation in multiple markets. We are less than a month away from the beginning of the leafy green transition, heading back to the Salinas Valley. Historically, we have seen higher markets and increased quality issues during this time. The weather has taken its toll on most commodities in Yuma, and the market has risen considerably.

Grains

A notable rise in soybean oil prices last week. A significant increase in palm oil and some fund buying contracts contributed to the rise in soybean oil. The largest market input is the greater move from palm due to lower production and dropping stocks, even if soybean oil and canola supplies are both good.

Dairy

Markets for shell eggs are rising everywhere, even in the Northwest and California. Block and barrel sales are declining. Butter is still up.

Beef

The state of market demand is still quite poor. Packers continue to provide higher upfront quotes despite abundant supply. While strips are still rising due to seasonal demand and limited supply, ribs and tenders are staying rather stable. End cuts are still going strong, but inside rounds are getting closer to the ceiling. The supply of thin meats and grinds is experiencing some artificial support due to poor harvest.

Pork

The demand for butts is still high, thus they are still moving upward. Demand for ribs has also soared. Following a period of low market activity, loins are currently rising and are predicted to follow the trend of butts. Next week, bellies will rise along with all the other primals, but this market will continue to be unstable every week.

Poultry

Bird mortality, hatchability, and weights are limiting product availability and driving up costs. The availability of breasts is limited and demand is strong. It’s still difficult to find wings in the market. There are very few tenders available in the market. The desire for dark meat is still high. The majority of whole birds are balanced.

Seafood

Seafood: The Pacific Halibut season has begun, and while whole fish prices are now higher, it is anticipated that they will decrease over the next few weeks. The supply of lobster in the North Atlantic is still decreasing, and prices are rising. Due to increased supply, warm water lobster prices have remained stable and have not grown as anticipated.

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Produce

Due to challenging weather conditions, various regions like Arizona, California, Florida, Honduras, and Mexico are facing a decline in crop yields, coupled with quality issues and bloom loss. The move from Yuma, AZ, to Salinas Valley, CA, will be completed a few weeks from now. During this time markets are expected to remain higher. The desert growing regions have experienced ongoing market volatility due to recent weather-related challenges, resulting in fluctuating prices for many items. Furthermore, there has been a noticeable decrease in yields and weights.

Grains

While palm oil saw a significant boost due to strong demand and lower production values, soybean oil went up due to declining crop forecasts in South America. Canola is following soy and palm in popularity.

Dairy

Except for the medium and California/Northwest regions, all shell egg markets are flat. Block and barrel sales are declining. Butter is growing.

Beef

The majority of the present demand can be met by supply, therefore packers are hopeful. Buyers are still on the cautious side and prioritize their urgent needs. While strips continue to surprise with stronger pricing, middle meats remain stable. End cuts are still popular, particularly within rounds where they are supported by the requirement for lean trim.

Pork

The rise in boneless butts was mostly caused by higher exports but B/I butts are flat. Although they are predicted to trade sideways until late March, ribs are also expected to move up next week. With the weather getting warmer, strap on loins are moving down and strap off loins are predicted to move up. The complex as a whole should also start to move higher. Once more, bellies are erratic, and they will drop over the coming week.

Poultry

Bird mortality, hatchability, and weights are limiting product availability and driving up costs. The supply of breasts has decreased. In the market, wings are still tight. There is a limited supply of tenders. The desire for dark meat is still high. The majority of whole birds are balanced.

Seafood

The season of Lent is now upon us. Due to the difficult season, there is a limited supply of lobster tails. The Dungeness crab season is well underway, as seen by the vendors’ fresh stock. This year, live crawfish costs will be high and supplies will be limited. Please think about switching to frozen crawfish.

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Produce

Multiple growing regions, including Arizona, California, Florida, Honduras, and Mexico, continue to experience adverse weather conditions. As a result, there has been a notable decrease in crop yields overall, accompanied by an increase in quality problems and bloom loss. In a few weeks, we are nearing the transition from Yuma, AZ, to Salinas Valley, CA. This particular period has historically seen higher market prices and increased worries about product quality.

Grains

Soybean oil had a better start to the week but ended it with bigger inventories and less demand for biofuel. Recent weeks have seen an increase in canola prices, primarily as a result of technical trading and robust demand for biofuels. Palm grew as production decreased.

Dairy

The markets for shell eggs are declining throughout the Northwest and California. Block and barrel prices are rising. Butter is now flat.

Beef

The market is still stable and there is plenty of supply. Customers are still on the cautious side and prioritize their urgent demands. Middle meats stay consistent. End cuts continue to be intriguing and effective. Packers are finding support on thin meats and grinds due to a restricted yield. Limited supplies rather than high demand is the driving force.

Pork

Again, butts are rising, with B/I butts rising far higher than Boneless butts. The demand for B/I butts is substantially more than expected. Since more people are placing orders for ribs, the price of ribs has also increased. Boneless loins have lowered a little. Given that the market is flat for the upcoming week, bellies may have stabilized. As demand and exports increase, ham sales are as anticipated.

Poultry

Bird mortality, hatchability, and weights are limiting product availability and driving up costs. The supply of breasts has decreased. In the market, wings are still tight. There is a limited supply of tenders. The desire for dark meat is still high. The majority of whole birds are balanced.

Seafood

Lent is now in full force. Due to the difficult season, there is a limited supply of lobster tails. The Dungeness crab season is well underway, as seen by the vendors’ fresh stock. This year, live crawfish costs will be high and supplies will be limited. Please think about switching to frozen crawfish for a substitute.

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Produce

Adverse weather conditions persisting in different growing regions have resulted in a significant decline in overall crop yields and an increase in quality issues and bloom loss. Moreover, we are approaching the transition from Yuma, AZ to Salinas Valley, CA in a few weeks, a period that has historically witnessed elevated market prices and heightened quality concerns. California is currently experiencing another round of storms, with additional rainfall expected in the central growing regions. While these rains won’t immediately impact vegetable production, the effects will be seen as the transition from Yuma to Salinas occurs. Growers have been dealing with quality defects that can affect yields and weights but are working hard to address these issues in the fields.

Grains

Last week, the market for soybean oil fell by about 3.5% as speculative speculators kept selling. With some increased exports and China pulling back after the Lunar New Year celebrations, palm oil saw little change. Canola saw significant speculative selling but finished largely unchanged despite its volatility.

Dairy

The markets for shell eggs are declining throughout the Northwest and California. Block size is getting smaller. Barrel is becoming bigger. Butter is still up.

Beef

Chucks are still steady. Rounds are getting stronger, and buyers appear to be entering the market more quickly. Sel/No Roll grade and light ribs in particular have produced a little strength in the ribs and tenders. Strips are still scarce and getting stronger. For the near future, grinds are combined from packer to packer.

Pork

Butts are still in high demand, thus they are continuing to rise. Strengthening of the ribs is still evident. Within the next week, this is anticipated to fall off. Loins are moving in line with the usual seasonal trend, notwithstanding the slowdown in retail demand. Although the market is still erratic, bellies are heading downward for the upcoming week. As predicted, ham sales are rising due to robust exports and rising consumer demand.

Poultry

Prices are rising across the board, following the same pattern that has been evident over the past month. All sizes of breasts had significant price hikes. Wings of all sizes continue to rise in popularity due to high demand. There is a persistent rise in tenders. The birds as a whole were marginally smaller. Dark is still up.

Seafood

The season of Lent is now upon us. Due to the difficult season, there is a limited supply of lobster tails. The Dungeness crab season is well underway, and new stock is already available from vendors. This year, crawfish prices will be high and supplies will be limited.

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Produce

Continued adverse weather conditions across various growing regions have caused a considerable drop in overall yields and an uptick in quality problems and bloom loss. Thankfully, several regions are expected to experience better weather in the upcoming weeks, which will likely improve the situation in multiple markets. We are less than a month away from the beginning of the leafy green transition, heading back to the Salinas Valley. Historically, we have seen higher markets and increased quality issues during this time. The weather has taken its toll on most commodities in Yuma, and the market has risen considerably. Growers see lighter weights as harvest crews mitigate epidermal peels and blisters. The markets have reacted due to the industry experiencing decreased yields and increased demand.

Grains

Although trading was down for the majority of the week, soybean oil finished the day down only around ½ percent. However, the market remains mostly negative. Canola fell along with soy, and supplies are good due to decreased exports and lower-than-anticipated demand for biofuel. Palm is higher when exports rise and production declines.

Dairy

Shell egg markets are rising, with the exception of the Northwest and flat mediums. Eggs from California are declining. Block is going down and barrel is going up in cheese. Cream is plentiful, and butter is low.

Beef

Packers keep cutting crop in order to control inventories and boost profits. For the time being, buyers remain calculating and live hand to mouth. As consumers search for deals on value cuts, chucks and rounds maintain their appeal due to their firmness in the ends. Since tenders and ribs have the most dollar exposure, buying has slowed and pricing discovery has been constrained.

Pork

The market for butts is still very active and moves against the seasonal trend. Spareribs and backribs are still in demand, although this market is likely to experience a downturn before rebounding. This time of year, low demand for boneless loins is to be expected, hence prices are dropping. Bellies remains a highly unstable market. For the next few weeks, there should be significant volatility.

Poultry

The market for chicken is expanding overall, with some products enjoying HUGE increases. Breasts increased in all sizes, with jumbo and medium sizes seeing the biggest price increases. Wings of all sizes continue to rise in popularity due to high demand. There is a persistent rise in tenders. Last week, whole birds were somewhat higher. Thighs were elevated.

Seafood

Lent is now here. Due to the difficult season, there is a limited supply of lobster tails. The Dungeness crab season is well underway, and new stock is already available from retailers. This year, crawfish prices will be high and supplies will be limited.

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Produce

The persistent unfavorable weather conditions in different growing regions have led to a decrease in overall yields and an increase in quality issues and bloom loss. Consequently, market prices have remained higher and are anticipated to stay at this level for the upcoming weeks. The weather patterns continue to challenge quality and harvesting crews out of the desert growing regions of Arizona and California.

Grains

Last week, oil consumers took advantage of the lower markets and invested in soybean oil, which caused the markets to rise. Canola oil is flat since there is a good supply and soft exports of seeds. Palm is likewise flat; nevertheless, although we have been anticipating some supply problems due to their weather, nothing significant has happened as of yet.

Dairy

Eggshell markets are rising, with the exception of the Northwest and flat mediums. Eggs from California are declining. Barrels are growing while blocks are shrinking. Butter remains down.

Beef

Rounds and chucks stay constant as long as supplies are traded. The lighter tones of ribs continue to warn purchasers. Strips show a mixed reflection because of product pockets, with CAB showing the greatest strength. Overall, tenders are still soft; the only grade that shows strength is Sel. As supply increase, grinds are topping out and should correct in the coming weeks.

Pork

Demand for butts is still high, but it should level down in the coming week or two. Bellies are dropping following a brief spike brought on by buy-ins that have since decreased. Although spareribs and backribs saw another increase in price, the market is expected to decline over the coming weeks

Poultry

The increased demand for wings and tenders has persisted even after the Super Bowl. The supply of breasts in greater sizes has somewhat decreased. The market is still thriving for dark meat. Mostly balanced whole birds.

Seafood

Lent has begun. The season has been difficult for lobster tails, and there is a limited quantity. All sizes of cold-water lobster tails are seeing price increases due to difficult inventory circumstances. The Dungeness crab season is well underway, and new stock is already available from vendors.

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Produce

The decline in overall yields and the rise in quality issues can be attributed to the persistent adverse weather conditions experienced in various growing regions. As a result, market prices have remained elevated and are expected to continue at this level for the next few weeks. There is no rain in the forecast for the remainder of the week, but muddy fields will slow packing with minor delays at loading. We have seen freezing temperatures, rain, and heat. That culmination can damper the quality, and we are seeing blisters, peeling, and some pinking in lettuce/leafy items. Growers have been working hard to keep quality and weights consistent through these challenges.

Grains

Last week’s soybean oil futures saw a strong start before declining at the end of the week. Although the higher rise was caused by rising energy markets, soybean futures were kept in control by the overall strong supply of beans and other commodities. Canola is flat, whereas palm has increased due to production problems and Chinese demand.

Dairy

With the exception of Northwest California, where shell egg prices are flat. Cheeses from Block & Barrel are getting better. Butter is still up.

Beef

Packers are attempting to increase replacement cost by paying extra for cattle last week. Chucks and bullets stay consistent. Buyers should use caution as ribs remain in corrective mode. Strips are also steady, with premiums carried by CAB and Sel. Overall, tenders are still soft. As supply increase, grinds are topping out and should correct in the coming weeks.

Pork

A small increase in butts was caused by more upfront purchases. The market for ribs showed considerable growth as well, particularly for backribs and spareribs. Demand is steady and loins are staying basically stable. Bellies moved down this week and are still erratic.

Poultry

Wings were the star of the market, and they were harder to get due to the Super Bowl. The availability of breasts in all sizes has improved. There are fewer and fewer tenders available. The desire for dark meat is still high. The majority of whole birds are balanced.

Seafood

The market for imported shrimp is beginning to solidify, and as Lent approaches, price increases are anticipated. In California, the Dungeness crab season began last week, and vendors will be receiving new stock from the upcoming season. Expect discounts on products from the previous season. The domestic crawfish stock has been wiped out by this summer’s dry weather.

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Produce

The western region of the United States is still experiencing significant rainfall. This, combined with consistently unfavorable weather conditions in Mexico and the Eastern United States, has led to continued decreased crop yields and higher-than usual markets. The overall leafy green markets continue to remain relatively steady. However, we will see delays in harvesting in Yuma from the rainy weather. We should expect to see a limited degree of weather-related issues for about another week. Harvest crews are working diligently to put up a good, usable pack. Production blocks are on a regular harvest schedule. However, we could see some lighter supplies as yields drop due to selection.

Grains

Last week’s soybean oil futures saw a strong start before declining at the end of the week. Although the higher rise was caused by rising energy markets, soybean futures were kept in control by the overall strong supply of beans and other commodities. Canola is flat, whereas palm has increased due to production problems and Chinese demand.

Dairy

This week, shell egg marketplaces are booming. Block is growing while the barrel market is contracting, butter is still up. Prices for January Cream and Culture will be lower as a result of such market modifications.

Beef

The market for beef has remained robust as long as people keep buying it. As retail beef sales volume starts to drop and prices continue to rise, the beef industry is witnessing a little decline in demand.

Pork

Butts are continuing to drop as expected; this trend should continue for a few more weeks. As long as rib stays stable, sideways trading is expected to persist for the foreseeable future. Similar to butts, loins are fashionable at the moment. Due to the strong demand and typical seasonal trends, bellies are still increasing.

Poultry

The demand for chicken is still growing. The availability of breasts in all sizes has improved. There are fewer and fewer tenders available. It’s wing season, so demand for wings of all sizes is rising. The desire for dark meat is still high. The majority of whole birds are balanced.

Seafood

The market for imported shrimp is beginning to solidify, and as Lent approaches, price increases are anticipated. In California, the Dungeness crab season began last week, and vendors will be receiving new stock from the upcoming season. Get a few deals on products from the previous season. The domestic crawfish stock has been wiped out by this summer’s dry weather.

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Produce

The western US has experienced substantial rainfall, which, when coupled with persistently unfavorable weather conditions in Mexico and the Eastern US, has resulted in reduced yields and a sudden surge in the overall markets. Apart from very cold temperatures in the desert growing regions of Southern California and Western Arizona (Yuma), these regions encountered more than an inch of precipitation. As a result, growers were unable to package any goods on Tuesday and Wednesday of this week due to the muddy terrain. Although the rain has ceased, shippers are still grappling with exceedingly muddy fields, impeding the packing process and causing delays in load times. Temperatures are anticipated to heat up in the upcoming week. This will definitely put stress on the commodities. Harvest levels are tracking similarly to last week, and with current U.S. inventories sitting at a high level, the market is expected to remain steady into the Super Bowl.

Grains

As crude oil moved flat to higher and bean oil moved lower, soybean oil separated from energy. The weather in South America has improved for the soybean crop, the US dollar is stronger, and stocks are up. Higher prices are possible since there are insufficient supplies of soybean oil. Canola markets are steady, whereas palm markets are erratic.

Dairy

The Northwest’s shell egg markets are up this week, while all other markets are down. Block markets are shrinking and barrels are rising. It’s butter time. Prices for January Cream and Culture will be lower as a result of such market modifications.

Beef

Softer tones are beginning to appear in middle meat prices. Ribs and tenderloins are essential commodities to keep selling out, although strips will still be in demand in early 2024 because of their favorable price spread. Rounds and Chucks seem to be exchanging consistently. Because of their limited harvest, grinds are in limited availability.

Pork

Next week, butts moved up once more. This market should continue to be robust due to decreased harvest numbers and strong demand. The price trend for ribs is firmer than anticipated; this is also a result of lower harvest levels. Due to strong retail and export demand, the loin market is still performing better than anticipated. Bellies are still erratic and have increased this week.

Poultry

Because of the limited production period after the holidays, overall supply is tighter. The supply of breasts has decreased. Tenders are becoming less available. The demand for wings has increased, making them more difficult to locate. The market for dark meat is still strong. The demand for whole birds is rising.

Seafood

On December 22, 2023, a new regulation on the origin restriction of seafood raw materials was announced. We’re taking a proactive approach with all suppliers to ensure continued adequate supply. The season is now in full swing in the big lakes with initially strong catches.

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Produce

The markets have sustained their upward trajectory as a result of a confluence of heightened domestic demand and reduced yields stemming from unfavorable weather conditions across various cultivation areas. It is projected that this pattern will endure until the month of January. The desert growing regions of Southern California and Western Arizona (Yuma) have experienced cold weather over the last two weeks, with several hours of field freeze in the early morning hours. Nighttime temperatures have risen slightly, with only traces of frost in the fields at this time, but due to the cold temperatures, expect to see the effects of the freezing temperatures in all items shipping from these growing areas. Supplies out of these regions remain steady, but markets have increased slightly.

Grains

The soybean oil market is moving sideways because there isn’t any meaningful market news. The market may rise swiftly if the big funds reverse their short positions, which they currently hold. Canola seed is weak and canola oil is flat. Due to a decrease in available stockpiles and a rise in exports, palm climbed marginally higher.

Dairy

This week, shell egg marketplaces are booming. Markets for barrels and blocks are expanding. It’s butter time. Prices for January Cream and Culture will be lower as a result of such market modifications.

Beef

This market has increased as a result of the first winter storm. Rounds and chucks are in style. This week has seen a 180° turn in the appreciation of ribs and strips, which began last week. In the best-case scenario, tenderloins will maintain the present market pricing and follow suit. Due to the restricted crop, grinds are still in short supply; gains are observed on 80’s and source grinds.

Pork

It appears that butts have peaked and should start to decline. Large cold storage inventories are also contributing to the downward trend in rib prices. Be prepared to give in this market. Because there is little demand, boneless loins are likewise continuing to decline. Bellies are expected to gain strength over the month after showing modest support the previous week.

Poultry

Because of MLK Day and the cold conditions in the South that halted production, there is a shortage of goods overall. The availability of breasts in all sizes has decreased. Tenders are becoming less available. Demand for wings of all sizes has increased due to the NFL Playoffs, and production has decreased. The market for dark meat is still strong.

Seafood

On 12/22/23, an executive order was announced concerning the limitations on the provenance of seafood raw materials. Proactively, we are collaborating with suppliers to guarantee the availability of impacted commodities. Great Lakes whitefish season begins with some good catches. In the upcoming months, shortages of lobster tails from the North Atlantic are anticipated.