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The cutout continued to rise throughout last week. Packers do have another week of decreased kills due to a holiday this week. Last week we saw continued increasing in pricing on the carcass overall.
Soybean oil futures moved significantly higher then last week.
There is heavy demand for jumbo breast from further processors. Medium and smaller breasts have been steady. Tenders have increasing demand. Wings are seeing increases in demand as we are in wing season. Dark meat has steadied out. Whole birds stayed mostly balanced.
Pork is coming off a stronger December and typical New Year drops are not being seen as quickly. Ham markets are a bit volatile & are back down this week due to looming tariffs. Bellies are back up–with the possibility of weather disruptions, Butts are essentially flat. All rib cuts remain strong. Trim is mixed. Loins are back up with retail taking a lot of interest.
The live market continues to gain strength and hit record highs. The market overall continues to show strength on the cutout, but the big question is will demand follow? We should see some weakening of some of the outside cuts as we go through this week. Rib inventories continue to be in short supply on upper 2/3’s product. Tenders are steady into this week.
Shell egg markets are up this week and California eggs are up. Many suppliers are forced to scale back or cancel orders, prioritizing allocations based on existing commitments. The Block & Barrel are down. Butter is down with good supply.
There are many factors that lead to soybean oil moving 1% lower last week. While stocks are tight in the US Argentina is now the world’s largest exporter of soybean oil. US exports declined last week. Palm oil moved lower with smaller demand and good stocks, helping put nearby pressure on soybean oil. Higher soybean oil is expected.
Supplies are tight as yields are dropping due to cold weather and yellowing at the field level. Weather is expected to warm in the coming days which will help production.
Peruvian supplies are on the decline with shift of growing regions. Mexico supplies are improving slowly, larger volume in two weeks will show lower markets. Quality is good to fair.
East – Green supplies are ok quality is excellent demand is strong, and the market is increasing. Red and yellow supplies are steady, quality is good, and the market is steady.
West – Production is strong with solid quality. Market is lower for colored bells and steady for green.
Market is up as cooler weather has slowed growth and supply is fair to good. Quality reported as good.
Market higher as supplies are lighter due to prolonged cooler weather and expected to be into next week, with quality reported as fair to good.
Market down again as supplies remain good. Overall quality reported as good for all regions.
Market is active on both Cilantro and parsleys with moderate to good demand but tighter supplies. Yellowing noted for both is impacting yields and field volume is lower.
The market is higher from impact from the colder weather which is impacting yields. Quality is reported as good.
The market is a bit higher, with ok supplies expected into next week on Romaine. Hearts steady currently on fair to good supplies. Quality is reported as fair to good on both.
Supplies are good and are expected to hold through spring. Whites are lighter in supply this season. Demand is steady on all colors. Quality has been good, with good sizing. Prices are steady on red and yellow. Whites are higher.
Supplies are good and look to be so thru the season. Sizing is heavy to large with most growers being lighter on small sizes. Quality is good. Prices are steady.
East – Zucchini and yellow squash supplies are tight, quality is fair to good, demand is strong, and the market is increasing.
West – Better supplies of zucchini, with less of yellow. Market is higher as demand is strong. Quality is good on all.
Round, Roma, and grape markets remains stable with good availability and quality both east and west. Cherry markets remain active due to lack of available volume.
Mexico supplies are good, quality is good demand is strong, and the market is decreasing slightly. 40s and larger remain tight with 48s/60s/70s and 84s stable supply. California supplies low volume, quality fair to good, demand good and the market is steady
Lemons – Supplies are good, 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 excellent, demand is good, and the market is steady. Peaking 72s, 88s and 56s.
Limes – Supplies are steady, quality is fair to good, demand is fair to good, and the market is increasing,
Good supplies and quality on both coasts. Market is beginning to come down on both coasts, with premium varieties demanding a higher price.
Cantaloupe – Supplies will remain extremely limited due to shipping delays, quality is strong.
Honeydew – Volume has increased with sizing trending larger. Next week volume and sizing expected to improve.
Supplies are tight, quality is fair to good, demand is strong, and the market is increasing. 5/6/7s are very tight for the next 3-5 weeks. Congestion at the Panama Canal causing vessel delays.
