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The choice cutout peaked at $4.16, highest level since Covid. Since then, its fallen 14%. Prices have found levels which are seeing increased buying activity and expectation is for the cutout to be steady to higher.
Turkey supply remains very tight across the complex. Whole bird and Ready to Cook Turkey breasts are in high demand and are hard to find if you haven’t booked your holiday needs.
Cooler weather is helping to improve bird weights and it’s causing supply to improve. Tenders have freed up in the open market with extra product available. Wing demand continues to be solid but there excess if needed. Breasts of all sizes are showing good availability. Availability of thigh and leg meat has improved.
Butt markets remain steady. Loins continue to trade side-ways. In the rib complex, Spareribs and Back ribs are seeing steady interest, while St. Louis ribs are softer. Bellies remain unsettled. Trim markets are sideways. Ham supply may start to tighten up as processors are seeing a spike in holiday demand.
The market has moved lower over past month but we are getting close to a bottom. Chucks and Rounds has seen the largest correction since Labor Day and these are the cuts that should begin to slowly move higher over next few weeks. Retailers are showing increased demand for Striploins as an alternative to the Ribeye.
Jumbo and extra-large shell eggs are down, and Large and Medium Shell eggs are down. California Jumbo and Extra-Large shell eggs are down, large shell eggs are down, and medium shell eggs are flat. The Block market is up, and the Butter market is up. Cream remains readily available.
Mexico continues to face serious supply challenges on asparagus and demand far outweighs supply at this point. Peru currently short however volume should increase late next week. Demand is strong with extremely limited supplies, markets are active.
East – Green supplies are plentiful, quality good, demand fair to good, and market steady. Red and yellow supplies are steady, quality good, demand good, market steady. West – Moderate volume on green bells, better demand and decent quality; good supplies of colored bells out of Oxnard and Fresno.
Market continues to increase with high demand and lower yields impacted with fluctuating temperatures; quality is fair. Short supply expected for several weeks.
Market much stronger and looks to hold at higher priced levels. Supplies are expected to be light this week and next. Quality continues to be fair from insect pressure.
Market is steady .as supplies are currently meeting the increased demand. Quality is reported as fair to good.
Market on parsley and cilantro is steady with good supplies. Quality reported as good on both.
Starting to gap due to heavy rains in growing area, market is higher on fair supplies and strong demand.
Market very strong, quality varies from fair to poor depending on growing location in the Salinas Valley. Supplies expected to be short and market active for the next few weeks.
Market active and up. Quality continues to impact yields. Market to remain active for the next few weeks.
Yellow, red and white supplies are good. Idaho and Washington harvest continues. Quality is good in both areas. The outlook is for good availability all season. Prices have stabilized.
Supplies are good on all sizes as harvest continues. Sizing is very large. The outlook is for good availability all season. Quality is good. Prices have stabilized.
East – Zucchini and yellow squash supplies tight, quality good, demand good, and the market increasing. West – Zucchini will be light this week from CA and MX. Next week increase in supplies from Mexico should keep market Steady. Increase in yellow supplies keep prices down.
Availability remains good on all varieties both east and west. Out east, transition to central Florida will begin around mid-October. Out west, northern California & Mexico continue to have good availability on all varieties.
Mexico – Supplies plentiful, quality, good, demand good, and the market is steady. 32s/36s limited supplies. Plenty on all other sizes. California – Supplies good, quality excellent, demand good, and the market is steady.
Lemons- Supplies are tight, quality is fair to good, demand is strong, and the market is increasing. Supplies will remain tight until volume has ramped up out D3 (peaking on 140/115/165) and D1 to start November. Oranges- Supplies are tight, quality is fair to good, demand is strong, and the market is increasing. Small sizes 88/113/138 will remain in short supply through the Valencia season. Limes- Supplies good, quality good, demand good, and the market is steady. The lime market has stabilized.
With recent rains in the California growing region, we are seeing some quality challenges on Green varieties, but Reds still look great. Supplies remain strong.
Supplies are improving as volume increases each week. Flexibility in sizing will remain key for the next few weeks. Anticipate much better supplies by mid-October.
Supplies have been lighter due to Central Cal winding down as well as a few rains. Southern Cal new crop volume is increasing daily. Rain is in the forecast for both areas next week. Prices are higher.
