Oil
Sharp increase in futures prices with expected biofuel policy on the horizon due to geopolitical tensions.
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Sharp increase in futures prices with expected biofuel policy on the horizon due to geopolitical tensions.
Availability is starting to tighten on almost all offerings. Tender demand is picking up. Wings remain the best value in chicken as prices stay low. Breasts of all sizes are tightening. Thigh and leg meat demand is strong.
Bellies are steady as there is limited spot market availability. Trim is steady with strong demand. Loins have moderate retail interest with steady demand. Butts have started their steady ascend into spring and summer. Spares are correcting and descending- softer sentiments are present, while the other types are steady.
The anticipated JBS Greeley strike aided in continuing to push the market higher. Cattle prices traded lower, which caused other packers to add hours. There is still information regarding the full reopening of the JBS plant. Except for chuck rolls, all cuts across the animal are trading steady to higher.
Shell eggs are up. California – Shell eggs are up. The Cheese Block market is up. The Butter market is up. Cream remains readily available.
Both soybeans and soybean oil moved higher last week with soybean oil taking the prize for highest percentage. This makes sense as oil increases continue as energy prices continue to move higher due to the conflict with Iran.
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.
Market has rapidly increased as Mexican supply has declined due to heat, stressed crowns and holiday pull. Quality issues are mostly feathering and withering. Prorates, sub sizing and delayed shipping expected.
East – Supplies are tight on all pepper, quality is good, demand is strong and the market increasing. West –Quality issues for all varieties. Market stronger, no expected relief for 3-4 weeks.
Market is lower on moderate demand and improved production from the desert and Mexico. Quality is good currently, but recent high heat will impact it negatively.
Market is softer with lower demand, but expect it remain active to the end of Yuma as supplies remain snug. Quality is reported as fair to good.
Market is lower from prior highs. Increased harvest volume is helping to relieve recent lower volume. Quality is fair to good.
Market on parsley mostly steady and cilantro market is higher. Quality reported as good on both parsley and cilantro.
East – Supplies remain critically short, quality is fair to good, demand is strong, and the market remains elevated. West Demand exceeds with no expected relief for 4 to 6 weeks. Quality is fair at best.
Market is lower on fair demand, but we expect to see the market remain active as we have high heat to finish the Yuma season and the start of Salinas. The heat event will start to impact quality.
Market has come off on romaine as supplies have improved. Hearts are mostly steady Quality is fair to good.
Yellow & red supplies are good. Quality is good but pack out shrink is increasing and reducing yields. Prices have stabilized.
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 but pack out shrink is increasing and reducing yields. Markets are steady.
East- Supplies are good, quality is good, demand is good, and the market is steady to slightly lower. West- Improved production has caused some relief to market and availability. Quality is fair to good. Market should remain stable.
Overall supplies continue to trend lighter both east and west, Mexico is experiencing strong demand across all tomato categories nationwide. Market pricing has shifted again and is trending upward with higher prices across the board.
Mexico – Supplies are steady, good, demand is good, and the market is steady to higher. California – Supplies are tight, quality is good, demand is fair to good, and the market is steady to higher. Colombia – Supplies are tight, quality is fair to good, and the market is steady.
Lemons- Supplies steady, quality good, demand strong, and the market is mostly steady with small sizes increasing. District 1 and 2 main California growing regions, crop peaking 115/95s. 165s & smaller are getting tight; especially 200s. Oranges-Supplies tight, quality good, demand strong, market is increasing. Crop peaking on 56/72/48. Small fruit extremely tight. Suppliers are subbing 113 for 138ct, and demand exceeds supplies. Limes- Supplies are tight, quality is good, demand is strong, and the market is steady to higher. New crop producing small sizes primarily 275/250/230 count. 110s/150s supply has tightened significantly and extremely limited availability. Demand exceed supplies on #2 limes.
Quality still strong and supply good on Reds. However Green Grapes are starting drop off in supply and quality. Greens will continue to be more active than Reds until May.
Next week should bring relief as more supplies are arriving. Sizing is larger, quality has been good.
Supplies have tightened up as demand increases for Easter and the market is increasing. 6/7ct supplies very tight. Another 2-4 weeks before supplies improve.