January 13, 2023

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Market Headlines

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.

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.

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.