Beef
Recent precipitation has relieved the Southern Plains, mid-West and Mountain West, helping hydrate cattle pastures in the coming months.
Eggs
No new impacts from Avian influenza on the egg markets to report this week.
January 13, 2023
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Market Headlines
Poultry
Wing season is here as supplybis starting to tighten. Tenders are available but the market is starting to tighten. Breast prices are seasonally low but slower production is forecast with a shortened holiday week approaching. Boneless thigh meat is readily available. Boneless leg meat is flattening. Whole birds and higher.
Pork
In the fresh pork complex, bone-in loins were under pressure while boneless loins saw support following recent weakness. Butts and picnics continued to endure the ongoing price correction following the conclusion of holiday interest. Bellies traded two- sided. Trim pricing has bumped higher.
Beef
Ribs and tenderloins are showing tendencies of market correction. Strips continue to be in demand and packers are quoting pricing reflective of that interest. Chucks and rounds continue to trade steady, with demand and supply levels are in balance currently. Grinds remain full steady, as packers in good inventory shape and appear to be attracting enough interest from retail.
Dairy
Shell eggs continue to decrease as markets look for a floor. Cheese markets are decreasing as demand tapers off. Butter markets are steady this week, but there are mixed signals regarding demand. Cream and Culture pricing is decreasing for January. Processed Eggs are increasing due to fluctuations in grain markets.
Grains / Oil
Lower diesel fuel futures and shrinking demand led the soybean oil market lower last week. The dryness in Argentina, however, pushed soybeans and soybean meal higher. Canola is running flat and palm oil has moved higher with changes to Indonesia export rules. There is concern about Chinese demand due to COVID cases.
Seafood
Alaska announces quota reductions for Cod and increases for Pollock. The white shrimp season so far has been better than expected with heavy landings, but landings remain below average for brown shrimp. USA scallop season as a whole, there was a 30% reduction in overall landings from this year to last.
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 – Alert
Market continues to show increasing pricing due to lessening supplies from Peru and slow ramp up in Mexico.
Expected short availability through January.
Broccoli
Market is coming down as supplies are much better and demand is moderate. Most broccolini is harvested North and rain will impede picking and keep supplies short.
Cabbage – Green & Red
Market steady on both, with the red market firmer, and moderate demand
Cauliflower
Moderate demand, and good supplies for the next two weeks. Markets have decreased again this week.
Celery
Market remains high but is coming off. Demand is moderate, supply is light (due to the rain) but is expected to improve over the next couple weeks.
Celery & Parsley
Parsley market higher as supply is short and not meeting demand. Cilantro market is mostly steady, but supplies are snug.
Cucumbers
Both field and Hot House Long English cucumbers are very light in supplies as varies growing regions are ending production.
Eggplant
East – Supplies light, quality hit and miss, and market stronger. West – Supplies steady but with high demand market is getting stronger.
Green Beans – Alert
The cold snap in Florida over Christmas week affected the young bean plantings, slowing growth, and will directly impact crops and yields over the next several weeks. This impact comes as the farms are still dealing with remnants of the previous hurricane crop loss and damage.
Mushrooms
Supplies continue to improve, and the market remains steady.
Onions
Super Colossal Yellows and Colossal Yellows continue to be tight. Plenty of other supplies available. Quality is still very good in the Northwest. The market has come off a little bit more this week.
Potatoes
Demand has slowed and will be lighter thru February. Packers are now cutting production to pace themselves thru the season to try to avoid the gap that occurred last season.
Squash – Alert
Strawberries supplies have decreased with more rain in Oxnard this week. Expect significant supply issues on fruit shipping from Oxnard.
Tomatoes – Alert
Markets continue to improve on rounds, grapes, & cherries as supply increases out of Florida & Mexico. Roma availability continues to be light which will elevate pricing. Markets should improve as availability increases into the month of January.
Fruit
Avocado
Supply levels remain stable with good volumes. The size curve is well-balanced across all sizes and grades.
Bananas
Supplies are expected to be lighter over the next several weeks due to cooler temps in the tropics. Supplies are currently uninterrupted but could become so down the road.
Citrus
Lemons – Market active. Supplies are good coming from the Southern desert areas, but Central California region will have rain on and off for 10-14 days limiting harvest.
Oranges – Rains continue to challenge harvest. Little to no harvesting this week. Expect some availability challenges through the next few weeks if there are no dry days between storms.
Limes – Alert Market active. Mexico supplies remain limited in particular the mid range 175/200/230 sizes. There is heavier demand for those sizes keeping that market elevated.
Strawberries – Alert
Strawberries supplies have decreased with more rain in Oxnard this week. Expect significant supply issues on fruit shipping from Oxnard.
Long Stem Strawberry outlook for Valentine’s Day look to be extremely short in supply.
Pineapple
Production will remain very tight on large sizes about 2 more weeks. Quality should be improving. Demand good. Market increasing.
