Beef
Packers continue to lose a significant amount of money due to the historically high live market, and softening cutout.
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Packers continue to lose a significant amount of money due to the historically high live market, and softening cutout.
There is good availability on the front half of the bird while the back half is tighter. Tender demand is steady. Wings remain the best value in chicken as prices stay low. Breasts of all sizes are showing availability. Thigh and leg meat demand is strong.
Bellies are trading in wide price & are volatile. Trim has tight supply dynamics but is leveling out. Loins have moderate retail interest with steady demand. Butts are leveling off from declines as retail interest is up. Spares remain tight in supply, while others are steady, but demand is up and markets are highly inflationary.
Huge changes within the marketplace this week. Live cattle traded higher yet again, as packers decreased harvest levels. The cutout surged higher. Chuck rolls and insides are leading the outside cut charge. All thin meats should continue to perform well above historical averages. We may not see relief until summer.
Shell eggs are down. California – Shell eggs are down. The Cheese Block market is up. The Butter market is up. Cream remains readily available.
The WASDE report from last week did not have any real surprises in it as most of the soybean complex was left mostly unchanged. The market is moving higher because of RVO expectations and increased demand.
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.
More supplies out of Mexico as warmer weather increases growth. Markets are steady to slightly lower. Quality is good. Sizing is improving.
East – All pepper supplies are tight, quality is fair to good, demand is strong and the market is increasing. West – Demand exceeds supply for greens; market is volatile and east coast pressure have emptied available supply with markets higher, red and yellow market steady.
Market is softer with lower demand, but we expect the market to remain elevated. Shorter supplies expected into March. Quality is good.
Market is softer with lower demand, but we expect active markets for several weeks. Quality is reported as good.
The market is softer but remains elevated as limited supplies and strong demand is expected to continue. Quality is fair to good.
Market on parsley mostly steady and cilantro market is lower. Quality reported as good on both parsley and cilantro.
East- supplies are short, quality fair to good, demand is strong, and market continues to increase. West demand exceeds creating a strong market, quality issues and pressure from east coast usage. Market is volatile
Market is lower on weaker demand, but we expect to see the market remain active as production is expected to be up and down week to week well into March.
Market is lower on romaine and hearts as production is keeping up with current softer demand on both romaine and hearts. Quality is fair to good.
Yellow & red supplies are good. Quality is good. We expect good availability the rest of the season. Prices down slightly on yellows from ID and WA. Reds are steady. White availability is increasing from MX thru TX which is bringing pricing down.
Supplies remain good on all sizes across the board. Sizing is still running to the large side . The outlook is for good availability all season. Quality is good. Prices are mostly steady in Idaho and Washington.
East – All squash supplies are tight, quality fair to good, demand strong and the market is increasing. West-both green and yellow demand exceeds due to transitional growing regions, markets are higher, quality is fair at best. Demand is strong.
Market elevated, with production below budget and demand exceeding supplies.
The combination of lighter Eastern availability and supply instability from Mexico has driven markets sharply higher. Expect continued market volatility through next week. Tomatoes remain on alert status.
Supplies may get a little snug next week from the delays caused by the unrest in Mexico this past Sunday and Monday. Shipping, packing and harvesting has resumed although not at full capacity, the industry is hopeful that by the weekend all packing houses will be available to ship. California will be starting up in another 7-10 days weather permitting.
Lemons- Supplies, quality and demand is good, with the market steady. District 3 will be wrapping up the end of this month. District 1 will be the main source until the end of March/April. Peaking 140/165/115. Smaller fruit will start 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 limited, quality fair to good, demand strong and the market increasing. Due to weather the last several weeks, quality issues continue – skin breakdown, and some oil spotting. Shippers are regrading/running fruit prior to shipment to mitigate quality issues.
Great quality all varieties and supplies look to stay strong for the next month.
Lighter volume expected through mid-March due to quality issues. Subbing to alternate sizing expected. Supply will lean heavier to smaller sizes.