February 17, 2023

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Market Headlines

Beef

Beef Packers continue to reduce harvest, leading to tighter availability and increases in prices.

Eggs

Current impact of the fall outbreak of Avian Influenza continues to keep markets on edge. Egg supply remains tight. We continue to see significant increases in markets resulting in higher costs for shell eggs.

Seafood

Cod fishing has begun in Alaska and is expected to catch the quota quickly as most crab fishermen moved to target Cod, suppliers well supplied on most items.

Dairy

Shell eggs are moving lower despite good demand. US cheese markets were lower with increased production, but EU markets were higher. Cream & culture markets are trending lower, while butter is jumping higher. Processed eggs are moving higher with delayed impacts from avian influenza.

Grains / Oil

The soybean oil market moved lower last week, but bounced higher by week’s end, following higher crude oil. Overall, the market averaged lower. Palm oil was higher with good stocks, but also good demand. Canola is flat with expected overall stocks vs. demand.

To learn more contact your local Sales Consultant. Market Corner Produce information reflects both US and Canadian markets. All other commodity information is based on US market data only.

Produce Market Updates

Vegetables

Asparagus

Cold weather in Mexico has this item in extremely short supply with predictions of at least 7 to 10 more days of cold. Mostly larger sizes affected. Expect possible sizing substitutions as shippers strive to fill demand.

Broccoli

Broccoli steady, but the cool weather could impact volume in the coming weeks and see the market trend up.

Broccoli/ Baby Broccoli – Alert

Baby broccoli – Broccolini continues with short supplies as cold weather is impacting the growth cycle. Demand is exceeding supplies.

Cabbage- Green & Red

Cooler weather has pushed the market up on both Red and Green.

Cauliflower

Cold weather in growing region has affected growth and slowing production. The next couple of weeks will be mostly a demand exceeds supply situation.

Celery

Steady supplies and markets are starting to level out. Expecting supply, the next few weeks to meet demand.

Cilantro & Parsley

Cilantro supplies are light and not meeting demand. Parsley is in better shape and market is mostly steady.

Cucumbers

East – Supplies are very light, quality good and market increasing. Less import cucumbers planted overall is keeping market high. Anticipating more volume early March. West – Lighter supplies are causing a market upswing, as with the east, relief not expected until mid-March.

Eggplant

East – Supplies light, demand strong, quality fair and market very strong. West – Demand exceeds supplies and market is ticking up.

Green Beans

East – Better supplies (seem to have finally caught up from weather), demand weaker, quality is good and market lower. Cooler temps in Mexico could push this market up. West – Cold is continuing to keep this item in short supply with market steady.

Mushrooms

Some order delivery disruptions due to weather. Suppliers are recovering as quickly as they can. The market continues to remain steady.

Peppers 

East Coast – Green bell supply good, quality good, demand good, and market steady. Red and yellow pepper supply lighter, demand good, and market increasing. West – Most shippers reporting better supplies on green, color peppers remain limited.

Potatoes

Prices have stabilized. Demand is light which is typical for this time of year and will be thru February. Packers have cut production to pace the lighter storage volume thru the season.

Squash

Good supplies on both coasts with moderate to good demand on both green and yellow.

Tomatoes

Round, grape, and cherry varieties remain stable with good availability out of MX. Roma market is escalating due to reduced availability out of Florida which is a result of cool weather the growing region is experiencing.

Fruit

Avocado

Harvest has slowed out of Mexico to give the industry time to recover from Super Bowl high volumes.

Bananas

Supplies continue to be lighter from all suppliers due to cooler weather in the growing regions. Quality is good. Prices are steady.

Citrus – Alert

Lemons – Market is steady. Supplies are good coming from the Southern desert areas, and Central California region. Crop now peaking on 140/115/95 ct sizes.

Oranges – Good supply as harvest is somewhat back to normal. A few pop- up showers over the weekend – nothing to stall any major harvesting. Production pack outs are heavier to Fancy grade right now.

Limes – Alert There is volatility in the Lime market. Volume from the southern Mexico lime growing regions has diminished. This is driving the market up on existing supplies from Veracruz and other growing areas.

Strawberries

Volume overall is steady, but demand has decreased. Central Mexico is starting to gradually decline with med size. Baja and Southern California is slowly increasing volume with large size and good quality. Cool weather is holding back volume.

Pineapple

By next week at origin volume should be back up on large sizes. Rain has caused less crownless availability due to internal conditions. Market has come down slightly.