Freshly Picked, August 31, 2021

Alerts & What’s Trending

Produce

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Lack of personnel, pallets, and freight in all parts of the business continue to provide obstacles in the execution of the supply chain flow from harvest to shredding.

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Last week, the soybean oil futures market was trending lower until Friday, when it lost nearly 300 points.
The increase in COVI was regarded by traders as a positive sign.

Dairy

This image has an empty alt attribute; its file name is Dairy.jpgButter prices increased week over week, despite output dropping.
Markets for natural cheese and mozzarella are falling, while markets for processed cheese are growing.

Beef

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Despite a good harvest week, the beef supply chain remains constrained. The beef complex as a whole continued to exhibit increasing prices.

Pork

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Harvest is still lagging behind usual seasonal averages. Product bone out continues to be a challenge for suppliers. Butts are still a good deal in retail and foodservice, therefore this market, especially boneless butts, is expected to be robust

Poultry

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Labor shortages persist across the business, but supply for many commodities is improving. Wings are becoming more readily available. Demand is projected to tighten as a result of the tightening. Tenders are very expensive. and are hard to come by. The market for breasts is booming on a positive upward trend demand.

Seafood

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Due to increased catches, the domestic shrimp supply has greatly improved in recent weeks.
Due to rising shipping costs, the price of imported cod, pollock, and haddock is increasing.