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Union workers at Tyson’s beef processing plant in Amarillo, Texas voted to authorize a strike. TYSON, along w/ the union averted any major labor stoppage and appear to have minimized an already reduced harvest.
Much higher soybean oil markets with the bullish EPA biofuel proposals and the Isreal/Iran conflict.
Tenders remain the hardest to get offering and are expected to be in short supply through the summer. Wing demand has picked up and availability is tightening. Jumbo and medium breasts have good availability. Availability of thigh and leg meat has also improved.
Markets softened overall heading into the holiday week. Expect Butts and Ribs to continue to soften post-holiday. Bellies reversed the climb upward, leveled off and are down some this week- some volatility is present here. Trim held at strong level. Loins are steady. As expected, Ham reversed as interest softened due to high markets.
Labor contracts were averted at one of the country’s largest plants but supply remains the concern. With limited supplies pricing expectations are steady to higher. Middle meats, remain steady to higher, strips and top butt are outpacing ribs. End cuts, due to the need for lean material from processors continue to firm.
Shell egg markets are down, and California eggs are up, excluding Medium. The Block market is down, driven by good domestic supply, and poor demand. Butter is also down. Cream remains readily available.
Slight volume increase expected for both Mexico and Peru for next week, market should come off just a bit. Quality on all is good.
West – Quality affected by heat related issues. Market is higher on color peppers, green expected to follow due to pressure from east coast demand.
East – Supplies tight, quality fair to good, the market is increasing, Red and Yellow supplies are tight, and market is firming up.
Market continues higher as production is down from recent milder weather but is expected to keep up with demand. Quality is good.
The market continues higher as heat has impacted yield and lower production numbers. Quality is reported as fair to good.
Market continues higher as production is down from recent milder weather but is expected to keep up with demand. Quality is good.
Market is mostly steady with good supplies and moderate demand.
Market on parsley is steady with good supplies. Cilantro settling and mostly steady . Quality reported as good on both.
West – Stronger market with fair quality and lower volume due to transitional growing regions. Demand is strong.
East – Supplies are tight to good, quality is good, demand is strong, and the market is increasing.
Domestic supplies from California are winding down and supplementing from Mexico is needed to fill in. Market is expected to be active until new crop is harvested.
Market continues to climb as yields are lower from the field and demand is higher. Quality is reported as good. Mexico lettuce is in demand exceed supplies due to recent hail and rain events.
Market on romaine and hearts elevated but mostly steady with moderate to strong demand. Quality is fair to good for both.
Supplies are good on new crop from California and New Mexico. Prices are steady on all items all areas. Quality is good in all areas. We are keeping an eye on rain in New Mexico which may cause issues if it persists.
Supplies on 40 thru 70 ct remain very limited. Prices look to have stabilized for the short term but could increase in the coming weeks. Quality is generally good but the potential for issues is there being this late in the season.
West – Higher market due to less volume as heat related issues hamper quality. Two weeks should show increase volume and quality.
East – Yellow supplies tight, quality fair, and market increasing. Zucchini supplies steady quality fair to good, market increasing.
Markets remain steady with readily available volume on all varieties both east and west. Quality is good on all varieties.
Mexico – Supplies are tight, demand is good and market decreasing on #1 48s and larger; while 60s and smaller and all category 2 grade the market is increasing due to limited supplies. Lighter harvest out of California with 60s #1s and all category 2 fruit in short supply. Market is steady to higher depending on size and grade.
Lemons – Supplies steady to tight, quality fair to good, demand strong, and the market higher. Smaller sizes are becoming more plentiful with the transition to D2 growing district, while larger lemons are tight. Market will reflect supply.
Oranges – Supplies steady, quality good, demand strong, and the market is increasing. Navels have officially concluded for the season and Valencia oranges are in full swing. The industry is seeing some regreening, causing extended gas time.
Limes – Supplies good, quality good, demand is good, and the market is steady. Expect continued rain conditions through this week, which will help fruit gain size, no major issues with quality or supply.
Grape supplies finishing up in Mexico with the start of the San Joaquin Valley in CA. Slightly slow start on harvest is keeping the green market very active and high. Reds good as well but trailing behind greens on pricing.
