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January 10, 2025

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Market Headlines

Beef

Packers continue to decrease the weekly slaughter to combat the increasing record high live cattle prices, and decreased demand on middle meats post-holiday time frame.

Eggs

A conventional egg farm in Ohio has been confirmed as HPAI positive losing of just under 250 K layers. There is also another reported organic egg farm in North Carolina has been confirmed as HPAI positive losing of 2.8 M layers

Poultry

The winter storm rolling through the south this week is expected to disrupt broiler production (chicken). Expect production facilities to temporarily close as ice is expected.

Dairy

Shell egg markets are up this week and California eggs are flat. The largest farm impacted by the recent outbreaks primarily serves the retail sector, prompting a surge in spot market buying interest for retail-ready products today. The Block & Barrel are up. Butter is down and has been between $2.50 and $2.55 the past 6 weeks.

Grains / Oil

Last week, soybean oil prices experienced a decline. This downturn can be credited to various market characteristics, including weather forecasts indicating limited rainfall in Argentina, large fund trader activity, and increased exports.

To learn more contact your local Sales Consultant. Market Corner Produce information reflects both U.S. and Canadian markets. All other commodity information is based on U.S. market data only.

Produce Market Updates

Vegetables

Asparagus

Mexican production is lower due to cold, Peru transition has slowed production. Market has adjusted due to end of holiday pull but is expected to rebound with lower supplies.

Bell Peppers

East – Green bell supplies are improving, quality is excellent, demand is low, and the market is decreasing. Red and yellow bell supplies are tight, quality is good, demand is strong, and the market is holding strong. Western availability of green has improved, market is lower, color peppers are limited.

Broccoli

Market is softer and settling on improved supplies, with quality reported as good to very good.

Cauliflower

Market is softer and settling on improved supplies and moderate demand, with quality reported as good.

Celery

Supplies holding steady and market remains steady at the current elevated levels. Overall quality is good.

Cilantro/ Parsley

Market is steady on both Cilantro and parsleys with moderate to good demand. Some occasionally yellowing noted for both, but overall quality is good.

Corn

East – Corn out of Florida is extremely tight; hitting planting gap, and markets are very high.

West – Desert corn is finishing, with Nogales ramp up increasing into next week.

Green Beans

East – Supplies are better, quality good, demand good and the market is steady.

West – Steady market, with increasing supplies.

Lettuce Iceberg

The market is starting to settle and mostly steady, with good supplies expected into next week. Quality is reported as good.

Lettuce Romaine

The market is starting to settle and mostly steady, with good supplies expected into next week on Romaine. Market on Hearts is lower on improved production. Quality is reported as good on both.

Onions

Supplies are a little lighter this week until packing gets caught up from the past short production weeks. This will improve by next week. Whites are lighter in supply this season. Demand is good on all colors. Quality has been good, with good sizing. Prices are steady.

Potatoes – Russets

Supplies are a little lighter this week due to the past two short production weeks. This will improve by next week. The sizing is heavy to large with most growers being lighter on small sizes. Quality is good. Prices are steady.

Squash

East – Zucchini and yellow squash supplies are steady, quality is fair to good, demand strong and the markets are increasing.

West – Improving supplies and quality. Market is lower for zucchini and steady for yellow squash.

Tomatoes

Tomato market has improved on all varieties (round, roma, grape, & cherry). Markets are no longer in alert status due to additional availability out of FL & MX. Markets will continue to improve through the month of January.

 

 

Fruit

Avocado

Supplies are extremely limited, quality is fair to good, demand is strong, and the market has increased rapidly due to limited production through the holidays and a reduction in inventories. Conditions expected to improve in the next 2 weeks as the pipeline is replenished.

Citrus

Lemons – Supplies are plentiful, quality is excellent, demand is good, and the market is steady. D3 has a month to go and D1 just starting and peaking on 140,115, and 165s.

Oranges – Supplies are good, quality is good, demand is fair, and the market is steady. Peaking 88, 113 and 72s.

Limes – Supplies are tight, quality is fair to good, demand is strong, and the market is increasing. Cooler weather in Mexico slowing down production.

Grapes

Grapes continue in a state of confusion as the Port strike looms a week out. Shortages continue Green Grapes and many suppliers are still shipping Domestic Red Grapes due to inconsistent inventory on imports. Market expected to remain high.

Strawberries

Supplies are still light in California due to typical cool winter weather and shorter days. Florida and Mexico volume in increasing but still leaving the overall volume light. Prices are higher.