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
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
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
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
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
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
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.
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
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
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
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
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
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
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.
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
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
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
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
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
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
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.
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
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
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
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
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
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
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.
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
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
Markets for shell eggs are rising everywhere, even in the Northwest and California. Block and barrel sales are declining. Butter is still up.
Beef
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
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
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
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.
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
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
Except for the medium and California/Northwest regions, all shell egg markets are flat. Block and barrel sales are declining. Butter is growing.
Beef
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
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
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
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.
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Multiple growing regions, including Arizona, California, Florida, Honduras, and Mexico, continue to experience adverse weather conditions. As a result, there has been a notable decrease in crop yields overall, accompanied by an increase in quality problems and bloom loss. In a few weeks, we are nearing the transition from Yuma, AZ, to Salinas Valley, CA. This particular period has historically seen higher market prices and increased worries about product quality.
Grains
Soybean oil had a better start to the week but ended it with bigger inventories and less demand for biofuel. Recent weeks have seen an increase in canola prices, primarily as a result of technical trading and robust demand for biofuels. Palm grew as production decreased.
Dairy
The markets for shell eggs are declining throughout the Northwest and California. Block and barrel prices are rising. Butter is now flat.
Beef
The market is still stable and there is plenty of supply. Customers are still on the cautious side and prioritize their urgent demands. Middle meats stay consistent. End cuts continue to be intriguing and effective. Packers are finding support on thin meats and grinds due to a restricted yield. Limited supplies rather than high demand is the driving force.
Pork
Again, butts are rising, with B/I butts rising far higher than Boneless butts. The demand for B/I butts is substantially more than expected. Since more people are placing orders for ribs, the price of ribs has also increased. Boneless loins have lowered a little. Given that the market is flat for the upcoming week, bellies may have stabilized. As demand and exports increase, ham sales are as anticipated.
Poultry
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
Lent is now in full force. 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 for a substitute.
Adverse weather conditions persisting in different growing regions have resulted in a significant decline in overall crop yields and an increase in quality issues and bloom loss. Moreover, we are approaching the transition from Yuma, AZ to Salinas Valley, CA in a few weeks, a period that has historically witnessed elevated market prices and heightened quality concerns. California is currently experiencing another round of storms, with additional rainfall expected in the central growing regions. While these rains won’t immediately impact vegetable production, the effects will be seen as the transition from Yuma to Salinas occurs. Growers have been dealing with quality defects that can affect yields and weights but are working hard to address these issues in the fields.
Grains
Last week, the market for soybean oil fell by about 3.5% as speculative speculators kept selling. With some increased exports and China pulling back after the Lunar New Year celebrations, palm oil saw little change. Canola saw significant speculative selling but finished largely unchanged despite its volatility.
Dairy
The markets for shell eggs are declining throughout the Northwest and California. Block size is getting smaller. Barrel is becoming bigger. Butter is still up.
Beef
Chucks are still steady. Rounds are getting stronger, and buyers appear to be entering the market more quickly. Sel/No Roll grade and light ribs in particular have produced a little strength in the ribs and tenders. Strips are still scarce and getting stronger. For the near future, grinds are combined from packer to packer.
Pork
Butts are still in high demand, thus they are continuing to rise. Strengthening of the ribs is still evident. Within the next week, this is anticipated to fall off. Loins are moving in line with the usual seasonal trend, notwithstanding the slowdown in retail demand. Although the market is still erratic, bellies are heading downward for the upcoming week. As predicted, ham sales are rising due to robust exports and rising consumer demand.
Poultry
Prices are rising across the board, following the same pattern that has been evident over the past month. All sizes of breasts had significant price hikes. Wings of all sizes continue to rise in popularity due to high demand. There is a persistent rise in tenders. The birds as a whole were marginally smaller. Dark is still up.
Seafood
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, and new stock is already available from vendors. This year, crawfish prices will be high and supplies will be limited.
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. Growers see lighter weights as harvest crews mitigate epidermal peels and blisters. The markets have reacted due to the industry experiencing decreased yields and increased demand.
Grains
Although trading was down for the majority of the week, soybean oil finished the day down only around ½ percent. However, the market remains mostly negative. Canola fell along with soy, and supplies are good due to decreased exports and lower-than-anticipated demand for biofuel. Palm is higher when exports rise and production declines.
Dairy
Shell egg markets are rising, with the exception of the Northwest and flat mediums. Eggs from California are declining. Block is going down and barrel is going up in cheese. Cream is plentiful, and butter is low.
Beef
Packers keep cutting crop in order to control inventories and boost profits. For the time being, buyers remain calculating and live hand to mouth. As consumers search for deals on value cuts, chucks and rounds maintain their appeal due to their firmness in the ends. Since tenders and ribs have the most dollar exposure, buying has slowed and pricing discovery has been constrained.
Pork
The market for butts is still very active and moves against the seasonal trend. Spareribs and backribs are still in demand, although this market is likely to experience a downturn before rebounding. This time of year, low demand for boneless loins is to be expected, hence prices are dropping. Bellies remains a highly unstable market. For the next few weeks, there should be significant volatility.
Poultry
The market for chicken is expanding overall, with some products enjoying HUGE increases. Breasts increased in all sizes, with jumbo and medium sizes seeing the biggest price increases. Wings of all sizes continue to rise in popularity due to high demand. There is a persistent rise in tenders. Last week, whole birds were somewhat higher. Thighs were elevated.
Seafood
Lent is now here. Due to the difficult season, there is a limited supply of lobster tails. The Dungeness crab season is well underway, and new stock is already available from retailers. This year, crawfish prices will be high and supplies will be limited.