Freshly Picked, January 3, 2022

Alerts & What’s Trending

Produce

This image has an empty alt attribute; its file name is produce.jpg

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

Grains

This image has an empty alt attribute; its file name is Grains.jpg

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

This image has an empty alt attribute; its file name is Dairy.jpg

Natural and processed cheese markets were down for the week. Both egg and butter markets were up.

Beef

This image has an empty alt attribute; its file name is Beef.jpg

Packers continue to maximize profits before year end by harvesting as many animals as possible. The market continues to soften on demand. Chucks and rounds are following seasonal trends and strips continue to our perform ribs.

Pork

This image has an empty alt attribute; its file name is Prk.jpg

Spareribs continue to gain strength with retail driving the market. Loins are trading sideways and butt demand looks to pick up after the holidays. 

Poultry

This image has an empty alt attribute; its file name is Poultry.jpg

Chicken market was relatively quiet. The breast market is higher, as wings and tenders are steady with ample supply. 

Seafood

This image has an empty alt attribute; its file name is Seafood.jpg

Inflation prices are hurting the sector as 85% of the seafood in the US is imported.  Atlantic salmon inventories are rising while most of the tilapia being harvested are small.