Beef
Strips and thin meats continue to be the best margin opportunity of the carcass.
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Strips and thin meats continue to be the best margin opportunity of the carcass.
The ice storm last weekend affected production throughout the South. Tender demand is increasing. Wings remain the best value in chicken as prices stay low and demand is strong going into the Super Bowl. Breasts of all sizes are starting to tighten up. Thigh and leg meat demand is increasing.
Bellies seem to have increased supply that may lead to softer markets. Trim has tight supply dynamics but is leveling out. Loins have moderate retail interest with steady demand. Butts are leveling off. Spares remain tight in supply, while the other types are steady, but demand is up and markets are highly inflationary.
The storms over the last two weeks caused a stir within marketplace. It helped packers to keep a few items in better position that should have started to soften. Cutout values continue to remain overall steady. Middle meats have started to soften. Most thin meats continue to drive higher on pricing. Outside cuts have declined.
Shell eggs are up. California – Shell eggs are up. The Cheese Block market is up. The Butter market is up. Cream remains readily available.
The weaker sentiment in soybean oil can be attributed to several market characteristics. One, the South American soybean harvest is progressing and trending to yield a record, or near-record crop. Next, the last NOPA report shows U.S. soybean oil stocks increasing.
Seafood markets remain firm across key categories as seasonal harvests, regulatory enforcement, and global tariffs continue to shape supply and pricing. Shrimp, crab, lobster, and scallops are experiencing tight availability. Cod, haddock, and pangasius are under pressure. Lakefish conditions are mixed.
Supplies of jumbo and extra large continue to be limited. Peruvian production is lower and warmer weather is expected to help Mexico volume, but expectations are that the balance will show extremely limited large Quality is fair to good.
East-Green are steady with excellent quality and good demand. Red and yellow remain tight with good quality and steady but elevated markets. West- Green have fair demand and a steady market, with supply expected to improve next week. Color peppers supplies moderate and higher market.
Market is higher as supplies tighten up from past and current weather conditions impacting quality and yields. Shorter supplies expected for several weeks.
Market is a bit higher as supplies are tighter and demand is moderate. Quality is reported as good.
The market remains active, and higher with limited supplies and moderate to strong demand. Weather issues continue to impact yields. Quality is fair to good.
Market on parsley mostly steady and cilantro market is higher. Quality reported as good on parsley and fair to good on cilantro.
East -Supplies extremely limited due to freeze in Florida, demand strong and market has advanced rapidly. West – Mexico experiencing shorter supplies due to cooler weather and quality issues. Market is higher.
Market is rising as supplies will be light for the next few weeks due to lighter yields. Fields have been pushing forward due to weather conditions creating production gaps.
Market is higher on romaine and hearts as production will see decreased supplies moving forward on both romaine and hearts. Quality is fair to good.
Yellow & red supplies are good. Quality is good. The outlook is for good availability all season. Prices are starting to decrease on yellows and remain steady on reds. White prices are steady on limited availability.
Supplies remain good on all sizes. Sizing is still running to the large side. The outlook is for good availability all season. Quality is good. Prices have decreased on all sizes in Idaho and Washington.
East – Supplies tight on both yellow and zucchini, quality good, demand strong and market increasing; growers assessing damage from Florida freeze. West-Green Good demand with markets steady to higher. Wide range in quality and condition. Yellow Market and demand improving.
Market elevated, with production below budget and demand exceeding supplies.
Overall supplies remain lights as Florida actively accesses freeze related damage to their crops. Mexico supplies remain light but are expected to improve as the week progresses. Markets remain on alert status.
Mexico – Supplies steady, quality is good, demand is good, and market is steady. The big push for fruit out of Mexico has ended. Growers are pushing back, wanting more money for their fruit. Size curve still leaning on 40’s and larger. 48’s and smaller tight supply.
Lemons- Supplies good, quality good, demand is good, and the market is steady. District 3 main source of volume with good supplies across the board, crop peaking on 115/140 and 165s/200s are starting to get tight. Oranges- Supplies tight, quality good, demand strong, market is steady to higher. Crop peaking on 56/72/48. Alert small fruit very tight 88s-138s. 72-hours lead time required. Suppliers are subbing 113s for 138s and 88s for 113s. Limes- Supplies steady, quality fair, demand fair and the market steady to higher. Due to weather the last several weeks, quality issues continue – stylar, skin breakdown, and some oil spotting. Shipper’s regrading/running fruit prior to shipment to mitigate the issues.
Heavy supplies out of South America now on green and red. All varieties looking very strong. Market looks to hold steady for the next few weeks barring any issues on importing at the docks.
As we approach Valentines Day, supplies have been limited due to a 2-day freeze in Florida which will hamper volume the next three weeks. Mexico is lighter as they are over their peak. California new crop supplies are increasing but not enough to fill demand. Pricing trending higher.