Freshly Picked, December 20, 2021

Alerts & What’s Trending

Produce

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Mushrooms are in a dire state. High prices and limited availability continue to plague the industry. 

Grains

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Increasing soybean oil supply has helped lower the market. Traders liquidated positions on many commodities including soybean oil due to concerns regarding the Omicron variant.

Dairy

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Natural cheese market has not moved over the past two weeks. Butter market is down, eggs are higher for the week. 

Beef

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Stripes have shown a slowdown in demand. Chucks and rounds tend to soften in early December and then move strongly higher into the new year. Availability remains on most cuts.

Pork

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Bellies are trending higher as supplies are trying to produce more bacon due to increased demand.  Ribs are moving up as retailers try to fill their shelves for next year. Butts continue as normal.

Poultry

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Product availability was flat this week since tenders have stabilized.  Wings are steady as we approach peak season (February/March) Might be time to think about freezing product

Seafood

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Rising costs and inflation persist in most seafood categories as 85% of the seafood consumed in the U.S.A. are imported.  There will be a shortage of Tilapia 7oz-9oz filets in the coming months