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Sizeable increase for soybean oil and Canola this week. Palm is moving lower.
Despite continued gains in the choice cutout, beef packers still have a substantial deficit in overall margins. The industry estimates packers on average continue to lose approximately $140 per animal.
We are seeing better availability across the industry. Breasts of all sizes are starting to steady out. Tenders demand has increased due to breast prices. Wings are readily available and the best value in chicken. Thigh and leg meat has been seeing heavy demand and tight supplies.
Hams are steady with some market strength. Bellies are back up and now volatile again. Trim is strong with both 42’s & 72’s showing a slight rebound in market. Backribs show slight increases while spares and St. Louis have softened. Loins are unsettled as domestic demand is weak, however exports have strengthened. Butts held steady.
Packers continue to try and control losses by repressing harvest levels. How high is too much for consumers to move away from beef? Mother’s and Memorial Day should allow packers to increase prices on middles – UNLESS buyers have sufficient inventories. End cuts continue limited and should also remain steady to slightly higher.
Shell egg markets are up except for Large which are flat and California eggs are down. The Block & Barrel are down. Butter is down with plenty of cream available.
This is the time of year that multiple growing regions fill demand. Market is lower as more product fills the pipeline. Quality out for local product and Peruvian is good, Mexican fair at best.
East – Green supplies good, quality good, demand is strong, and the market is increasing. Red and yellow supplies steady and market steady.
West – Two tier market as demand improves and markets increase. Quality is moderate to poor as Mexico finishes.
Market has settled a bit lower as production has improved, supplies look ok into next week and should keep up with demand. Quality is good.
The market high and continues be very active; total industry supplies are well below normal due to quality issues impacting yields. Quality is reported as fair.
Market is mostly steady with good supplies and steady demand. Quality is good.
Market is mostly steady with good supplies and moderate demand. Quality is reported as good.
Market on Cilantro is steady, and parsley is down slightly with moderate to good demand. Quality reported as good on both.
East – Supplies are steady, quality is good, demand is good, and the market is decreasing. Limited supplies due to cooler weather and water supply issues. Quality is fair and market is high. No expected relief for 10–12 days new crop start.
Market lower as Salinas is starting to getting into better volume and normal weights. Quality is reported as good.
Market is mainly steady as we settle in Salinas on moderate demand. Heart market is steady, and quality is fair to good for both.
Supplies are good. California and Texas have good availability of new crop. Washington will have some suppliers packing thru May while others have finished. Prices are steady in all areas with no quality concerns.
Supplies and quality remain good. Sizing is spread across all sizes making for consistent pricing from large to small. Quality is good. Prices are steady.
East – Supplies are plentiful, quality good, demand good and the market is steady.
West – Good production and quality expected through transitional growing regions. Market is steady.
Round markets have increased slightly out east due to reduced availability out of central Florida. West, grape and cherry volume remain steady, but Roma volume continues to decline from a seasonal decline in volume out of central Mexico.
Mexico – Expect market prices come off this week due to lower demand post–Cinco with the exception of 70ct, which are staying relatively stable. A decent amount of fruit staying in the Mexico national market. California – harvesting in strong volumes for the next few months.
Lemons – Supplies are steady, quality is excellent, demand is strong, and the market is increasing. Small fruit has tightened up as sizing has shifted to 115s and larger. Suppliers are starting to struggle to keep up to current demand.
Oranges – Supplies are steady, quality is excellent, demand is strong, and the market is increasing. Small fruit is starting to tighten as smaller independent suppliers are finishing up. Suppliers will struggle to meet demand through the end of the Navels, but Valencia’s have started.
Limes – Lime market stabilizing in the U.S., as demand for Cinco de Mayo winds down. However, costs in Mexico continue to rise as overall production is limited. Crop peaking on small sizes, 200’s–250s. Large fruit 110s/150s are extremely limited in supply.
The market for both red and green is active and remains elevated. Quality continues to be fair as imports wind down.
Supplies are tight, quality is good, demand is strong, and the market is steady. The industry is still dealing with vessel congestion at the Panama Canal and container inventory is still running low.
