Alerts & What’s Trending

• Maximizing ROI: Why Restaurants Need Tech-Driven Contract Management
• When and How to Switch Your Accountant
• Tips to Transition Your Restaurant for Upcoming Holiday Season
• Building Your Restaurant’s Beverage Program in 2023
• It’s Hectic Time for Restaurants

Produce

Weather events in several growing regions continue to cause a decline in supply across many commodities. We expect to see these commodities impacted for the next several weeks. Supplies out of the Salinas Valley are steady, and markets saw a decline. Growers continue to see other issues such as tip burn, mildew, insect pressure, brown bead, slightly lower weights, INSV, Sclero, and Fusarium. Growers are doing their best to mitigate this at the harvesting level.

Grains

With attention on the most recent USDA report, South American planting, and the status of the US harvest, soybean oil traded flat last week. Due to extreme dryness, South American crop is behind schedule. Last week, technical trading caused canola seed prices to drop, but palm prices remained stable due to a healthy supply and demand balance.

Dairy

This week’s shell egg markets are flat. Block and barrel markets are rising. Although butter is down, there are signs that the market will drop over the coming weeks. The prices for November’s Cream and Culture will be higher.

Beef

Because packers had to fulfill orders last week, there was a higher harvest. Packers’ payments for cattle resulted in higher prices for beef. Tenders, strips, and ribs all went up higher. Chucks and rounds continue to outperform due to greater pricing driven by seasonal demand. The grinds are still steady. 81% of primal source grinds are steadfast in their demands for greater prices.

Pork

For the sixth week in a row, butts decreased, and we anticipate that this market will continue to decline in line with typical seasonal tendencies. The demand for spareribs has soared, but it should pass quickly. We anticipate rib complicated decreases. There is therefore little demand for boneless loins, and this trend will continue. Bellies are still falling sharply, and there is no sign of this market’s recovery.

Poultry

During the height of the chicken industry’s growth season, larger birds with greater yields are the outcome. All sizes of breasts have an abundant supply. There are more tenders available, particularly for larger sizes. There is a consistent supply and good demand for wings of all sizes. The desire for dark meat is still high. Most birds as a whole are steady.

Seafood

A few days ago, Peru reopened its second anchovy season, although there is still a shortage. Although the market for imported shrimp is currently at all-time lows, prices should eventually stabilize. The severe flooding in China is expected to cause supply and pricing issues for the tilapia market in the first quarter of the upcoming year.

Alerts & What’s Trending

• Strategic Success for Multi-Unit Restaurants: Partnering with Consolidated Concepts
• Back Office Technology: A Foodservice Must-Have
• How Big Data Is Driving Restaurants’ Success
• Fine-Dining Restaurants Scoring the Highest Customer Satisfaction
• Strategies to Combat Chargebacks in Quick-Service Restaurants

Produce

Weather events across several growing regions combined with the political unrest have caused a considerable decline in supply across many commodities. We expect to see these commodities impacted for the next several weeks. Iceberg, green & red leaf, and butter lettuce supplies out of the Salinas Valley region have tightened slightly due to heat-related issues. Romaine volumes remain steady with good quality.

Grains

The soybean oil market rose as a result of last week’s USDA report showing decreased soybean oil stockpiles. Higher were the beans. Large fund traders lengthened their total positions, which contributed to the market’s increase. Canola had flat yields but a reduced harvest overall. In line with soybean oil, palm was higher.

Dairy

This week’s shell egg markets are flat. While barrel markets are rising, block markets are remaining stable. Butter prices are stable, but signs point to a market decline in the next weeks. For October, there will be slight price hikes for Cream and Culture products nationwide.

Beef

Cattle prices rise as packers cut back on hours. The requirement for buyers to meet nearby needs has contributed to this market’s overall upward trend. Strips moved more slowly while Ribs and PSMO ascended higher. Chucks continue to surpass forecasts as demand keeps driving up prices. Balanced rounds are used. Grinds are consistent.

Pork

Expect concessions in this market to continue following typical seasonal tendencies as the demand for butts continues to decline. Over the coming weeks, low cold storage levels will keep pushing the rib complex up. Since there have been no retail advertisements, loins should continue to decline. The decreased trend in belly sizes is also still present and is predicted to persist.

Poultry

The peak growing season for the chicken industry has led to larger birds. Every size has an abundant supply of breasts. More tenders are available, particularly ones in greater sizes. All sizes of wings are in high demand, and supply is consistent. Demand for dark meat is still very high. Most whole birds are stable.

Seafood

Due to the severe floods in China, the tilapia market is positioned for inventory issues and pricing going into the first quarter of the new calendar year. Expect more usage of shellfish goods like shrimp, crab, and lobster as we approach the holidays, which often see demand rises.

Alerts & What’s Trending

• 7 Common Areas You Can Find Foodservice Savings
• Restaurant AP Automation: Catalyzing Back Office Efficiency for Profits
• The Vital Role of Restaurant-Specific Back-Office Software
• 9 Ways for Sports Bars to Optimize Game Day Profits
• Is AI at the Drive-Thru Inevitable for Restaurants?

Produce

Weather effects in multiple growing regions and civil unrest have caused considerably lower supplies across many commodities. We expect to see these commodities impacted for the next several weeks. Supplies out of the Salinas Valley remain steady on the lettuces, but cauliflower, broccoli, and broccolini supplies are light. Growers are beginning to see some quality issues due to heat. Additionally, growers continue to see other issues such as tip burn, mildew, slightly lower weights, INSV, Sclero, and Fusarium. Huron will be starting over the weekend with Lettuce and leaf items. Early reports are for good quality, but we anticipate lighter weights to continue. Growers are doing their best to mitigate this at the harvesting level.

Grains

Last week’s soybean oil futures ended slightly lower, but the market was quite erratic. The South American bean crop is assisting in maintaining lower prices while crude oil was weaker and the harvest was heating up. The canola harvest is almost over, and the overall seed harvest was greater than predicted. Palm slid down a bit.

Dairy

Markets for shell eggs are changing, with some bearish action. Markets for cheese are still declining. For October, there will be slight price hikes for Cream and Culture products nationwide.

Beef

There are still few upper 2/3 grade, light weight ribs and PSMOs available. Except for Select grade, which is seeing minimal market pressure, strips are largely stable. Rounds and Chucks stay in balance. The tendency is toward softer thin meat, particularly on sirloin flap and flank steaks. Grinds continues to struggle with a lack of demand. The price decline accelerates the lower the lean point is.

Pork

Spareribs and back ribs were the only primal markets that saw an increase for the coming week. Bellies, butts, and loins are all descending and will soon start looking for a new surface. Pork sales in October are typically low, and the market is reflecting these patterns.

Poultry

The supply of jumbo and medium-sized birds has increased due to the cooler weather. Breasts are plentiful. The availability of giant and medium size tenders is growing. All sizes of wings are in high demand, and supply is consistent. Demand for dark meat is still very high. Most whole birds are stable.

Seafood

Due to the severe floods in China, the tilapia market is positioned for inventory issues and pricing going into the first quarter of the new calendar year. Expect more usage of shellfish goods like shrimp, crab, and lobster as we approach the holidays, which often see demand rises.

Alerts & What’s Trending

• Unleashing the Power of Foodservice Data for Multi-Unit Operators
• Numbers on the Menu: The Ultimate Guide to Restaurant Accounting
• IoT Is Revolutionizing The Way Restaurants Operate and Manage Food Safety
• Restaurant Industry Workforce Returns to Pre-Pandemic Levels
• The Best Strategy for Your Restaurant Brand

Produce

Weather effects in multiple growing regions have caused lower yields across many commodities, and we will likely see this continue for several weeks. Supplies out of the Salinas Valley were relatively steady. Huron, CA lettuce, romaine, and leaf items will start the week of Oct 16th, so we are only ten days away, and early reports are quality is good. Weather in the Salinas Valley will be unseasonably hot over the next few days, with some areas reaching temps into the high 90s.

Grains

Stocks of soybeans are more than anticipated but lower than in recent years. Because producers are utilizing less soybean oil than anticipated, biofuel profitability is pushing soybean oil prices lower. Since the harvest is almost 75% complete and canola seed prices are low, canola oil is stable. With improved production figures, palm oil climbed marginally higher.

Dairy

Markets for shell eggs are changing, with some bearish action. Markets for cheese are still declining. For October, there will be slight price hikes for Cream and Culture products nationwide.

Beef

Packers keep reducing the harvest in an effort to lower cow prices. Due to limited supply and great demand, tenders and ribs in the top 2/3 grade and light weight range continue to increase in price. Strips have improved for the short term, and packers are still selling customers on the value. Rounds and Chucks are still balanced. Grinds are still having trouble keeping up with demand.

Pork

Butts finally displayed some market lability as demand leveled off. Even while supplies have grown, particularly in the St. Louis complex, ribs are still soft. Due to the lack of retail demand, loin sales are also down. For the coming week, there was little change in the bellies, which might be an indication that the market is stabilizing.

Poultry

The supply of giant and medium-sized birds has increased due to the cooler weather. Breasts are plentiful. Bird weights and seasonality have boosted the availability of tenders. All sizes of wings are in high demand and in short supply. Demand for dark meat is still very high. The entire bird is steady.

Seafood

Due to the severe floods in China, the tilapia market is positioned for inventory issues and pricing going into the first quarter of the new calendar year. Expect higher usage of shellfish products leading up to the holidays, as we often see demand increases at this time of year: Products made of shrimp, crab, and lobster.

Alerts & What’s Trending

• 3 Reasons Why Restaurants Need To Use Hospitality Specific Accountants To Improve Their Financial Results
• Is Your Brand Too Stacked? Simplify Your Restaurant Tech
• The Differences Between Direct and Indirect Spend
• The Topic Is Tipping
• Why are Some Restaurant Brands Cutting Back on Rewards?

Produce

The weather effects of El Nino continue to cause lower yields across many commodities, and we will likely see this continue for several weeks. Supplies out of the Salinas Valley were relatively steady. Growers continue to see issues such as tip burn, mildew, slightly lower weights, INSV, Sclero, and Fusarium. Growers are doing their best to mitigate this at the harvesting level. In California, Huron lettuce, romaine, and leaf items will start the week of Oct 16th, so we are only two weeks away, and early reports are quality is good.

Grains

The week came to a conclusion with corn and wheat slightly higher, but the soybean complex as a whole went lower. The soybean complex is being driven by greater than anticipated inflation, the US harvest, falling stock prices, rising crude oil, and an optimistic assessment of the South American crop (which is predicted to be enormous). Palm and canola are both lower.

Dairy

Markets for shell eggs are stable. Markets for cheese are rapidly declining. Markets for butter are exploding. For October, there will be slight price hikes for Cream and Culture products nationwide.

Beef

This week, there seem to be a little fewer tenders and ribs available, which has kept commerce consistent. The price difference between ribs and strips keeps expanding, which can cause consumers to return to strips. Chucks and rounds are still balanced, but eyes are still hard to come by. More supply than demand is still a problem for grinds, so they search for customers who want to stretch their money.

Pork

Butts finally displayed some market lability as demand leveled off. Even while supplies have grown, particularly in the St. Louis complex, ribs are still soft. Due to the lack of retail demand, loin sales are also down. For the coming week, there was little change in the bellies, which might be an indication that the market is stabilizing.

Poultry

Bird weights have increased as a result of the cooler weather. The availability of breasts is abundant, especially in large sizes. Supply of tenders is increasing. All sizes of wings are in high demand and in short supply. Demand for dark meat is still very high.

Seafood

Due to the severe flooding in China, the tilapia market is expected to face inventory issues and higher prices in the first quarter of the new calendar year. Demand for usage on comparable items is anticipated to rise. Expect higher usage of shellfish products leading up to the holidays, as we often see demand rises at this time of year.

Alerts & What’s Trending

• Don’t Get Left Behind: Restaurants Embracing Technology & Sustainability
• What Tech Investments Should Restaurants Consider for Growth?
• Food Delivery Fraud: Challenges in Ensuring Security for Platforms, Drivers, and Consumers
• How AI and Gig Workers Will Improve Customer Service for Restaurants
• Loyalty Programs Are Getting More Cost-Effective for Restaurants, Report Says

Produce

Weather effects (rain and cool & warm temperatures) in multiple growing regions are beginning to affect overall yields, and markets are rising. We should continue to see these effects over the next several weeks. Supplies out of the Salinas Valley were slightly lighter due to quality issues caused by weather conditions. Growers are doing their best to mitigate this at the harvesting level.

Grains

With forecasts for dry weather during the soon-to-start harvest, soybean oil futures declined last week. Fund traders sold their stakes in soybean oil futures, which caused soybean oil to decline. Canola markets were thought to be flat last week, but predictions for crop production point to increased Canola prices. Palm slid downward.

Dairy

Shell egg markets are stable. Cheese prices rose this week and are expected to hold steady. This week’s butter markets are down once more, but there still have some positive undertones. The price of Cream and Culture will rise across most of the nation, but it won’t change in September in California.

Beef

This week, there seem to be a little fewer tenders and ribs available, which has kept commerce consistent. The price difference between ribs and strips keeps expanding, which can cause consumers to return to strips. Chucks and rounds are still balanced, but eyes are still hard to come by. More supply than demand is still a problem for grinds, so they search for customers who want to stretch their money.

Pork

Butts’ market performance is still solid due to the persistently high demand on the spot market. There is a minor decline in rib sales, but this is just temporary because of the growing demand. Additionally, the seasonal tendency for loins is expected to continue drifting downward. As we anticipate significant price rises for the upcoming week, the market for stomachs continues to be unpredictable. Demand is still robust and trimmings are strong.

Poultry

Bird weights have increased once again as a result of cooler weather in the South and an extra growing day after Labor Day weekend. The availability of breasts is abundant, especially in large sizes. Demand for tenders is high, but supply might be increasing. All sizes of wings are in high demand and in short supply. Demand for dark meat is still very high.

Seafood

Assessments of the effects of the floods in China are ongoing. Tilapia market inventory issues are imminent. Utilize on similar things whose demand is anticipated to rise. Expect higher usage of shellfish products leading up to the holidays, as we often see demand rises at this time of year.

Alerts & What’s Trending

• Is Your Brand Too Stacked? Simplify Your Restaurant Tech
• Increase Buying Power: GPO vs. Buying Group
• When and How to Switch Restaurant Payroll Software
• The Role of Group Purchasing Organizations (GPOs) in Your Restaurant’s Success
• Technology Is The Solution For Restaurants Amid Labor Shortage, So What’s In Store In The Future?

Produce

Weather effects are beginning to cause lower yields across several commodities combined with overall higher demand markets are beginning to rise. Lettuce supplies out of the Salinas Valley remain steady with overall good quality. Growers continue to see quality issues, such as tip burn, mildew, INSV, Sclero, and Fusarium. Cauliflower, broccoli, and broccolini supplies have tightened due to quality issues caused by warmer temperatures. Broccolini supplies will remain tight for the next 2-3 weeks. Light broccoli supplies should be short-lived, with products arriving out of Mexico.

Grains

Another week went by with the soybean crop score being reduced, which has significant effects on harvest and production. Yet soybean oil futures experienced a significant decline. The price of canola seed futures kept falling. Farmers are able to continue harvesting due to the dry weather. Together with soybean oil futures, palm oil moved.

Dairy

Shell egg markets are stable. Cheese prices rose this week and are expected to hold steady. This week’s butter markets are down once more, but there still have some positive undertones. The price of Cream and Culture will rise across most of the nation, but it won’t change in September in California.

Beef

Market activity has paused. Buyers are pausing because of the sporadic appearance of tenders and ribs. The pipeline is still filled with strips, mainly Choice, but packers are reluctant to get rid of them. Packers and buyers are still keeping an eye on the price difference between strips and ribs in anticipation of a change in sales. Chucks and rounds keep displaying equilibrium. 73% and 81 lean grinds exhibit milder undertones.

Pork

The butt markets are still strong, but after Labor Day, demand fell and the markets should fall. Right now, there are little indications that the ribs are moving. Due to a decline in retail demand, loin prices are going down. Still dropping rapidly are belly sizes.

Poultry

Bird weights continues to be impacted by the heat in the south. After weeks of increases, the breasts have stabilized. There is a great need for and a limited quantity of tenders. All sizes of wings are in high demand and in short supply. On the back of rising demand, dark meat is heading higher.

Seafood

The supply of raw tilapia materials has been impacted by the floods in China. It is yet unknown how much it will impact our accessibility and price. The Alaskan King Crab season has been canceled again for the sixth consecutive year. If you’re seeking for alternatives to king crab, the South American Santolla crab and Golden king crab are both excellent choices.

Alerts & What’s Trending

• How Restaurants Can Measure and Mitigate their Carbon Footprints
• Restaurants and Bars Re-imaging Happy Hours
• How AI Technology Can Help Restaurants Stay Open
• Beef Inflation Pushes Average Burger Price Close to $16
• How Restaurants Can Manage Consumers’ Shift to Intentional, Experiential Spending

Produce

Overall markets have remained relatively steady after the industry experienced two weather events (a hurricane and a tropical storm). Additionally, demand has continued to increase as the last of the schools resume. Supplies out of the Salinas Valley remain steady, especially iceberg and romaine. Growers are seeing increased quality issues, such as tip burn, mildew, INSV Sclero, Fusarium, and yellow bead broccoli crowns. Green onion supplies remain limited due to extreme heat in the growing region. Supplies are expected to remain limited throughout September.

Grains

The price of soy oil fluctuated slightly. Futures are falling as a result of traders selling part of their bets. Although weather is a problem, the focus has shifted from helping crops to hampering harvest. Gains for canola are difficult to achieve. Palm is slightly more expensive, but exports are down while output is up.

Dairy

Shell egg markets are stable. The cheese market has increased this week and appears to be stable. Despite their recent decline, butter markets still have some positive undertones. The majority of the nation will see price increases for Cream and Culture. California’s prices in September won’t change.

Beef

Due to the next short week, it is anticipated that fill-in orders and last-minute demands would account for the majority of sales. Due to low demand, tenders and strips are the intermediate meats that most need assistance. Packers claim that ribs have become a springboard for holiday price increases, but this assertion may be wishful thinking. The demand for chucks and rounds is still strong. There is a finite amount of grinds.

Pork

The butt markets are still strong, but after Labor Day, demand should fall and the markets should fall. Right now, there are little indications that the ribs are moving. Due to a decline in retail demand, loin prices are going down. Still dropping rapidly are belly sizes.

Poultry

The good news is that the hurricane that hit Florida last week had little effect on us, but the bad news is that business is slow because of the long Labor Day weekend. The gigantic breast keeps rising QUICKLY. Small and medium breasts had flat surfaces. All sizes have their wings up. On all sizes, tenders are higher. The whole bird was up. Everywhere dark meat was more popular. 

Seafood

The Alaskan King Crab season has been postponed for the sixth consecutive year. If you’re seeking for alternatives to king crab, the South American Santolla crab and Golden king crab are both excellent choices.

Alerts & What’s Trending

• What to Consider When Setting up Payroll for a Restaurant
• How Big Restaurant Chains Are Using Artificial Intelligence
• 5 Ways to Build a Better Digital Experience for Your Quick-Service Brand
• Taking Your Restaurant to the Next Level
• Mastering the Art of Problem Solving in Restaurants

Produce

As the industry continues to work through the damage caused by Tropical Storm Hilary and increased weekly demand as more schools resume, markets have remained relatively steady. We are working with our Southeastern growers to assess damages by Hurricane Idalia this week in South Georgia and North Florida. We are still weeks away from pulling products from these areas, but we will assess the commodities that could be impacted, including squash, cucumbers, tomatoes, corn, hot pepper, and bell pepper.

Grains

Because of weaker energy markets, subpar crop evaluations, and technical selling, soybean oil markets have declined. Canola price increased as supply became more scarce. Palm increased in value as demand increased.

Dairy

Markets for shell eggs are expanding across the nation. The market for cheese is declining this week, but it can rise the following week. After a few weeks of rises, butter markets begin to trend somewhat lower. The price of Cream and Culture will rise across most of the nation, but it won’t change in September in California.

Beef

Idalia the hurricane seemed to have avoided Florida’s densely populated regions. Since Labor Day was on a Monday, Packers prepare for a short work week. Due to limited production and seasonal demand, tenders and ribs continue to be the most popular middle meats. Chucks and rounds are in high demand, and while prices are stable, replacement costs have risen slightly. Grinds display a variety of goods.

Pork

Due to Labor Day, butts will continue to advance starting the following week. For the coming week, ribs are comparatively flat, while loins are somewhat down. After going up a few weeks ago, bellies are still trending downward. Ham sales are still declining because of weak exports. Trimmings are also declining quickly.

Poultry

Bird weights are still being impacted by the heat in the south, and the hurricane in Florida may have an impact on supply and demand. The market for jumbo breasts is still very competitive. There is a great need for and a limited quantity of tenders. Most whole birds are even. All sizes of wings are in high demand and in short supply. Continual is dark meat.

Seafood

After two extensions, the Newfoundland and Labrador snow crab season comes to an end this week. Pricing is anticipated to stabilize once all the crab has been stored. Numbers for imported shrimp are still declining year over year. As we approach the holiday season, expect demand for classic goods like shrimp, lobster, and crab to increase.

Alerts & What’s Trending

• Optimizing Your Restaurant’s Supply Chain
• Data-Driven Growth for Restaurants
• Propel Your Restaurant Chain to Sophisticated Analytics with Better Data Management
• IHOP Taps AI as Restaurants Race to Personalize Recommendations
• Automation Can Help with Restaurant Staffing Shortages

Produce

Several markets saw an immediate impact due to Tropical Storm Hilary’s damage; however, growers are still assessing the damage as they could not enter fields due to the rainfall. At this time, we know some areas were affected more than others. Out of the Salinas Valley, supplies remain steady across most commodities.

Grains

As the weather returned to being extremely hot and dry at this crucial period in a soybean’s life, the price of soybean oil increased once more. Demand is still very robust, particularly with regard to biodiesel. Canola is now higher than soybean oil, but Saskatchewan is once again experiencing hot, dry weather. A bit lower palm.

Dairy

Markets for shell eggs are expanding, and California is starting to hike prices. Markets for cheese and butter are both still rising this week but may level out the next week. Prices for Culture and Cream will remain unchanged or slightly higher.

Beef

Packers are in an excellent position and should be able to maintain prices. Tenders and ribs remain firm, replacement costs have risen slightly, and strips have temporarily improved. Processors, grinders, and retailers’ interest encourage end cuts’ stable to stronger tones. Grinds exhibit a constant tone and a variety of options.

Pork

In anticipation of Labor Day, butts will continue to advance starting the following week. For the coming week, ribs are comparatively flat, while loins are somewhat down. After going up a few weeks ago, bellies are still trending downward. Ham sales are still declining because of weak exports.

Poultry

The south’s ongoing hot weather continues to have an impact on bird weights, which reduces supply. As supply has tightened, breast markets have become stronger, particularly in jumbo. There is a great need for and a limited quantity of tenders. Most whole birds are even. All sizes of wings are in high demand and in short supply. Dark flesh is generally constant.

Seafood

Tilapia farm-gate prices are rising abroad. As a result, we are witnessing a month-over-month rise in pricing. As we approach the holiday season, the price of frozen farmed Atlantic salmon should remain constant. The Barents Sea season will begin the following month with lower quotas. The groundfish should become more solid because this is the lowest quota since 2009.