Category: Uncategorized

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Freshly Picked, May 13, 2024

Alerts & What’s Trending

Produce

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Adverse weather conditions in different growing areas such as Florida, Mexico, and California have significantly impacted various commodities, resulting in lower yields and ultimately driving up market prices. Additionally, some markets saw a slight increase due to the increased demand from Mother’s Day.

Grains

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Selling of soybean oil futures, good South American harvest, shrinking biofuel demand, good soybean oil stocks, and good U.S. planting progress all helped push soybean oil lower last week which dragged palm oil down and Canola, too.

Dairy

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Shell egg markets are all down and demand has softened. The Block & Barrel are increasing and steady. Milk availability has tightened. Butter is up. Domestic butter demand is steady from retail and food service sectors. However, for unsalted butter loads, demand is stronger. Cream volumes are comfortable across the nation.

Beef

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Continued over production by packers has stifled long–term increases. Ribs, strips, and tenders are steady as the week progresses and currently do not point to a run higher to end the week. End cuts, insides, and chucks, continue coming under pressure from buyer bids. Grind demand continues to improve and with holidays and grilling season ahead, the outlook is good.

Pork

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Butts continue to rise as domestic and export demand is strong. Ribs saw some decreases but are expected to be short lived as the holiday approaches. Boneless loins will continue to rise due to strong export demand. Bellies declined this week the market remains volatile. Trimmings are moving up due to the strong demand.

Poultry

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Breast demand is high on all sizes and excess supply is non–existent. Wings demand continues to strengthen. Tenders demand is very strong and tenders remain the hardest offering to find. Dark meat demand remains very good. Whole birds are mostly balanced.

Seafood

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Markets are steady week–over–week. Seafood sector is gearing up for big holidays going into summer and operators are revamping summer menus.

 

supply chain management

Smart Supply Chain Management

Here is the harsh truth: managing a restaurant’s supply chain isn’t easy.

In fact, in 2023, a staggering 77% of operators reported experiencing supply delays or shortages of essential food or beverage items. When you’re juggling multiple locations, this challenge only intensifies.

Coordinating inventory, suppliers, and logistics across various sites amplifies complexity, making it even more crucial to master supply chain management. It’s all about guaranteeing that each restaurant receives precisely what it needs, precisely when it’s needed.

What is Restaurant Supply Chain Management?

Restaurant supply chain management refers to the systematic and strategic coordination of all activities involved in sourcing, procuring, producing, and delivering goods and services required to operate a restaurant successfully. It encompasses the entire process of managing the flow of materials, products, and information from suppliers to the restaurant’s final customers.

The goal of restaurant supply chain management is to ensure a seamless and efficient flow of goods while minimizing costs, reducing waste, and maintaining the highest quality standards. It’s no small feat and involves various critical aspects, including:

Supply Chain Management Best Practices for Restaurants

Mastering restaurant supply chain management isn’t just about good food—it’s about smart business.

Elevate your operations with these 10 essential strategies:

  • Data-Driven Decisions: Harness the power of analytics to forecast demand and optimize inventory.
  • Supplier Relationships: Forge strong partnerships for quality products and favorable terms.
  • Centralized Procurement: Streamline purchasing for better prices and reduced admin.
  • JIT Inventory Control: Keep stock lean with just-in-time management for freshness and efficiency.
  • Tech Integration: Invest in software for real-time tracking and smarter decision-making.
  • Sustainability: Go green with local sourcing to reduce costs and support the community.
  • Risk Management: Plan for the unexpected with backup suppliers and logistics options.
  • Logistics Optimization: Trim delivery times and costs with streamlined transportation.
  • Collaborative Communication: Keep everyone in the loop for problem-solving and alignment.
  • Continuous Improvement: Stay ahead by regularly reviewing and adapting to changing needs.

By embracing these strategies, restaurant operators not only safeguard their businesses against disruptions but also position themselves as industry leaders poised for continued success. With a steadfast commitment to efficiency, cost-effectiveness, and customer satisfaction, the future looks bright for those who dare to innovate and adapt.

As the restaurant industry continues to evolve, the importance of staying ahead of the curve in supply chain management cannot be overstated. With the power of data, technology, and innovation at their fingertips, operators are better equipped than ever to tackle the challenges of tomorrow.

Ready to simplify your restaurant’s supply chain management? Fill out the form below and join Consolidated Concepts today! Discover how we can help you save time, reduce costs, and streamline operations. 

 

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Freshly Picked, May 6, 2024

Alerts & What’s Trending

Produce

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Unfavorable weather conditions across various growing regions, including Florida, Mexico, and California. These adverse conditions have significantly impacted several commodities, leading to reduced yields and subsequently causing an increase in market prices. All wet veg items will be shipped from the Salinas Valley as supplies are increasing for most commodities and the quality continues to improve. However, romaine and iceberg supplies remain slightly below budget due to cooler temperatures and quality issues such as anthracnose and mildew. Additionally, we are seeing lighter weights and head sizes.

Grains

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Soybean oil had a minor increase last week. The harvest in South America is almost over, but there are reports that Argentinean strikes are delaying exports. The US’s wet weather has hindered planting, but it’s not a serious problem. Soybean oil prices are down. Concerns about output are tight for Palm. Soybean oil is leading the way in canola.

Dairy

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The market for shell eggs is collapsing, and demand has decreased. Block and barrel sales are steadily rising. There have only been nine loads appearing on the spot market so far this week, down from 71 three weeks ago. Butter producers continue to accumulate large butter inventory while managing hectic production schedules.

Beef

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Demand is not keeping up with supply in the complex. Owing to seasonal demand, the best cuts include brisket, top butts, tenderloins, and short loins. Thin meats, strips, and ribs keep slipping in popularity. Bid pressure is coming from end cuts, insides, and chucks. Because of the holidays and grilling weather, demand for grinds has increased.

Pork

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The weak demand for B/I butts last week caused the market to slightly decline. Boneless buttocks are growing more and more popular because of the continuous increasing demand. Ribs are becoming more and more popular as grilling season approaches. Pork is being promoted in retail ads, increasing market share. Bellies are erratic again, but they will settle over the course of the following week.

Poultry

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Cinco de Mayo drove the demand for random breasts. The demand for wings has increased. There is a high demand for tenders, yet they are still the hardest to locate offering. The desire for dark meat is still high. The majority of whole birds are balanced.

Seafood

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Markets remain stable from week to week. The seafood industry is preparing for the summer season and updating their menus in anticipation of the major holidays.

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Freshly Picked, April 29, 2024

Alerts & What’s Trending

Produce

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All wet veg items will be shipping from the Salinas Valley as supplies increase and quality improves. As mentioned previously, due to the abundant rainfall in California, farmers are witnessing a rise in anthracnose, a fungal infection that has resulted in reduced yields of iceberg and romaine lettuce. As a precautionary measure, harvesting teams are trimming the products to alleviate these concerns, resulting in lighter case weights than usual. Overall most commodities are seeing a decline in markets. However, the romaine and iceberg markets remain higher due to quality issues. The avocado inventory in the US is significant, and Cinco pulls are commencing. Due to recent market volatility, strong Cinco promotions are not as guaranteed as during the Super Bowl.

Grains

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Due to favorable planting conditions in the US, strong harvest reports from South America, and rising soybean oil supplies, soybean oil futures saw an almost 5% decrease last week. Canola futures in California decreased in tandem with the price of soybean oil, and exports are minimal. Because soy prices are rising, palm is finally losing ground.

Dairy

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The market for shell eggs is collapsing, and demand has decreased. Over the last four weeks, cage-free supply have increased by 22.2%, despite the avian virus causing major production interruptions. Block and barrel sales are steadily rising. Producers of butter report a decline in sales of both salted and unsalted butter.

Beef

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As long as buyers use caution and keep their buying windows closed, tenders and ribs will remain tender, with equally applied pressure to both butts and strips. Buyer pressure on bids continues to impact chucks, insides, and end cuts. With the growing harvest, there seems to be less of a drive for lean meats. Grains are still mixed because of a fluctuating supply and a predicted increase in demand.

Pork

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Butts are still rising more quickly than expected. As the holiday draws nearer, the demand for butts is only going to rise. Because of the current slow demand, ribs will be flat next week. Strong exports and retail interest are driving up loins as well. Bellies are still in high demand, and the market is still unstable.

Poultry

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This week, breasts leveled out. The demand for wings has increased. There is a high demand for tenders, yet they are still the hardest to locate offering. The desire for dark meat is still high. The majority of whole birds are balanced.

Seafood

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Prices have increased despite food service revenues being steady during the Lenten season due to rising labor, energy, and other operational costs. It will be difficult to maintain sales throughout the year as a result. Shrimp sales are projected to be stimulated by the anticipated summer demand rise following Lent.

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Freshly Picked, April 22, 2024

Alerts & What’s Trending

Produce

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Adverse weather conditions, drought, and prolonged El Nino/La Nina effects continue to persist, resulting in decreased production and higher market prices for different commodities. The escalated market prices are expected to endure for the upcoming weeks. The transition from Yuma, AZ, to Salinas Valley, CA, is complete, and all wet veg items will be shipped from Salinas Valley. The overall quality has continued to improve.

Grains

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Because of favorable planting conditions in the United States, a high harvest in South America, and a decrease in overall demand, soybean oil was less. The weekly average of palm oil increased, but it dropped sharply on Friday due to the soybean oil trend. Canola also had a turbulent week due to a decline in soybean oil.

Dairy

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The markets for shell eggs are all flat, and demand is declining. Except for X-Large and Large, the markets in California and the Northwest are flat. Block and barrel sales are steadily rising. Butter has an issue with Demand for domestic butter varies around the country.

Beef

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The amount of market inventory keeps reducing packers’ capacity to hold onto or raise pricing. Tenders and ribs still exhibit discounts. Top butts and strips are being dropped. Packers are discounting, and end cuts, insides, and chucks seem to be following market trends. Thin meats benefited from a reduced harvest, but grinds don’t because of sluggish retail demand.

Pork

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Due of growing demand, both boneless butts and B/I will be moving up next week. The market is rising due to the increased demand for ribs. Retail advertisements are generating greater action in loins, which will lead to a robust market. As the weekly demand for fresh bellies rises, belly trends are also increasing. Trimmings have increased in line with the general pork outlook.

Poultry

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As May approaches, when breast season peaks, breasts have begun to stiffen. The market for wings is balanced. There is a high demand for tenders, yet they are still the hardest to locate offering. The desire for dark meat is still high. The majority of whole birds are balanced.

Seafood

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Because landings are much lower now than last year, the North Atlantic lobster business still faces supply issues for lobster meat and tails. The need for live lobsters keeps making it difficult for processors to produce frozen goods.

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Freshly Picked, April 15, 2024

Alerts & What’s Trending

Produce

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Unfavorable weather conditions, drought, and prolonged El Nino/La Nina effects persist, leading to reduced production and increased market prices for various commodities. The elevated market prices are anticipated to persist for the next several weeks. The transition from Yuma to Salinas in California and Arizona is nearly finalized, with Yuma operations wrapping up by the conclusion of the upcoming week. Beginning the week of 4/22, all wet veg products will be shipped from the Salinas Valley, while a small number of shippers will continue to operate from Huron for the subsequent two weeks. Supply and quality are on the rise, resulting in stable to slightly lower prices for lettuce and romaine in the markets. However, we anticipate pricing to remain elevated throughout the transition period.

Grains

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Increases in energy, rival vegetable oil kinds, and stocks all contributed to the previous week’s increased soybean oil prices. Considering the ongoing manufacturing problems, palm was higher. Canola increased in value when farmer seed sales decreased.

Dairy

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The markets for shell eggs are all flat, and demand is declining. The Northwest and California markets are struggling. Although avian influenza has been detected in US dairy cows, it is not yet severe enough to cause production losses. Demand for contracted cheese is stable, whereas demand for spot cheese is stable to increasing. There is a mixed demand for butter domestically.

Beef

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The market is still not rising. Tenders and ribs still exhibit discounts. Top butts and strips are hanging in there. Chucks, end cuts, and insides seem to be simple to locate, and packers are driven vendors. Thin meats have benefited from the lower yield; grinds are still appearing and indicate some market pressure.

Pork

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Due of growing demand, both boneless butts and B/I will be moving up next week. The market is rising due to the increased demand for ribs. Retail advertisements are generating greater action in loins, which will lead to a robust market. As the weekly demand for fresh bellies rises, belly trends are also increasing. Trimmings have increased in line with the general pork outlook.

Poultry

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The market for breasts has begun to decline, and more are becoming accessible. The market for wings is balanced. There is a high demand for tenders, yet they are still the hardest to locate offering. The desire for dark meat is still high. The majority of whole birds are balanced.

Seafood

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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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Freshly Picked, April 8, 2024

Alerts & What’s Trending

Produce

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As a result of adverse weather conditions, the transition of seasonal commodities, and the recent Easter holiday observance, there has been a decrease in production across different commodities. Consequently, there has been an increase in the overall market prices of specific commodities. The transition from Yuma to Huron/Salinas for carton commodities is ongoing in California and Arizona. Processed items are scheduled to begin in Salinas either on the 15th or the 21st, depending on the shipper.

Grains

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In its planting intentions report, the USDA declared a decrease in corn acres and an increase in bean acres. The market rebounded for both beans and corn. Trade in soybean oil was erratic, but overall the week witnessed little change in canola. Palm is still on the rise.

Dairy

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The markets for shell eggs are all flat, and demand is declining. Northwest and California markets remain stagnant. A farm in Texas and Michigan has tested positive for HPAI, and the initial estimate of loss is 1.9 million birds, including pullets. Based on the need for exports, the Block & Barrel is getting smaller. Butter continues to rise in demand. It’s desirable to have unsalted butter.

Beef

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The market has slowed as April approaches, and packers are still attempting to hold back harvest. Overall, ribs stay constant, but top butts and strips get progressively higher. It seems that end cuts are at their limit. Though the current price support for grinds is beginning to show cracks, the limited harvest still supports thin meats.

Pork

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B/I Butts are rising. Since there has been some downturn in the boneless industry, boneless butt sales are declining. The market for ribs is predicted to continue rising since supply is anticipated to become more limited throughout the warmer months. As retail demand for loins rises, loin prices are also rising. Bellies are still getting smaller.

Poultry

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Demand for breasts has begun to decline, and prices may have reached a plateau. It’s still difficult to find wings in the market. There is a high demand for tenders, yet they are still the hardest to locate offering. The desire for dark meat is still high. The majority of whole birds are balanced.

Seafood

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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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Freshly Picked, April 1, 2024

Alerts & What’s Trending

Produce

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We continue to experience shortfalls on several winter veg items out of Mexico and Florida due to the impacts of El Niño with the shortest item being color pepper. Pro-rates and further price escalations may happen on these items this week as supply gets critically low. The hot pepper market is shorter this week with low volume and moderate demand continuing to put upward pressure on pricing. We will see a dip in production on the entire tomato category as transition from winter to spring crops get underway. Improvement on supply not expected for 2-3 weeks and concerns over the water restrictions are making shortages a possibility. Overall, the current supply remains at record lows until we see some consistency in weather, this will only continue to hamper a recovery.

Grains

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Last week, soybean oil saw another increase as fund traders resumed purchasing contracts rather than disposing of them. This week’s plating intentions report is expected, and some acres are predicted to shift from corn to soybeans. In Europe, palm stabilized with a short-term balance, while canola rose upward with fewer planted acres.

Dairy

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Despite a decrease in the total amount of shell eggs in stock, all shell egg markets are rising. The markets in California and the Northwest are stagnant, but with Easter, they might rise. Based on export, the Block decreases and the Barrel is increases. Although butter doesn’t rise, it can due to variations in milk production and the demand for cream.

Beef

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The supply and demand are still matching. While strips and tenders continue to rise because to increased demand and limited supply, ribs remain stable. Chuck should make corrections in the following weeks, but it looks like end cuts have reached a ceiling as insides. In the short run, thin meats and grinds are experiencing the most artificial assistance due to restricted harvest.

Pork

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The butts of B/I are rising. Since there has been some downturn in the boneless industry, boneless butt sales are declining. The market for ribs is predicted to continue rising since supply is anticipated to become more limited throughout the warmer months. As retail demand for loins rises, loin prices are also rising. Bellies continue to go down.

Poultry

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Bird mortality, hatchability, and weights are limiting product availability and driving up costs. There is a high demand and limited supply for breasts. It’s still difficult to find wings in the market. There is a high demand for tenders and no excess supply. The desire for dark meat is still high. Whole birds, still mostly balanced.

Seafood

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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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Freshly Picked, March 25, 2024

Alerts & What’s Trending

Produce

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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

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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

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

Beef

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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

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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

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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

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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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Freshly Picked, March 18, 2024

Alerts & What’s Trending

Produce

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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

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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

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

Beef

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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

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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

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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

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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.