July 15, 2022

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Market Headlines

Seafood

The market is saturated with both White and Tiger shrimp as importers brought in excess inventories to build an inventory cushion while the demand has softened due to slow retail sales.

Eggs

The current loss of impacted layers is 31.4 million birds about 9% of the nation’s hen population. The majority of the impacts have been at farms located in the northeast and northwest.

Dairy

Exports are strong for cheese, but the markets are down on economic uncertainty. Butter markets are also down with lower demand from food service and retail. Egg demand is good from food service and retail, so these markets are higher.

Grains / Oil

Soybean oil futures moved much lower last week on lower crude oil, fund selling, much lower palm, and inflation/recession fears. Also, moving lower were corn, soybeans, and wheat. By week’s end, though futures started to move higher with some crop deterioration.

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

Market firming up a bit on both coasts on most sizes, more so on XL and jumbo. Domestic supplies are done. Quality is good from both coasts.

AvocadosAlert

Mexico is now harvesting 100% new crops with good quality but limited on XL sizes and quality #2 grade. CA is moving along in its harvest and expected to be done by the end of Aug. Peru and Columbia continue to bring in volume weekly.

Brussel Sprouts

Supplies have started to rebound with better supplies now being reported. There are some lingering quality issues still with some insect pressure and puffiness being reported.

Broccoli Alert

Markets remain steady to strong. Local production has ramped up in some regions, thus allowing for less pressure and demand for products out of CA.

Cabbage – Green & Red – Alert

Out of Mexico and CA, green and red cabbage continue in limited supply with active markets. Expect to see continued market volatility for the next 8-10 weeks.

CornAlert

East – Supplies are very limited as production is scattered in local areas. West – Major production GAP, with less acreage planted this year due to growing cost and water restrictions, waiting on the next production area to start in 7 – 10 days.

CucumbersAlert

East – Cucumbers are holding a strong market as the regions change into newer areas. Georgia still going with supplies diminishing. The market should come down slightly within the next 10 days as Michigan production increases. supply. Demand has been strong.

West – Steady supply crossing from Baja.

Eggplant Alert

East – Eggplant is still short in supply with active markets. West – Better supplies in Central California, peaking on 24ct as hotter weather slows growth. Moderate supplies out of Mexico. Market active as supplies are not enough to meet overall demand.

Green BeansAlert

East – Michigan is just starting with beans where the quality should be much improved compared to the other regions where rains have affected the quality.

West – Coastal California beans in production, market advancing due to lighter plantings this year. Baja production in a gap for the next 10 days.

Iceberg, Leaf, and Romaine

Markets are steady this week with quiet demand. Good supplies reported on all iceberg, romaine, and leaf items for this week to meet needed demand,

Peppers – Green, Red, Yellow & Chili-Alert

Markets are active on all types of fresh chili peppers as well as all bell peppers, green, gold, and red. Expect active markets for the next few weeks.

Potatoes

Supplies are very limited on potatoes due to a light crop last season. We will not see improved supplies until the new crop starts at the end of August.

Onions

The onion market is firm from both New Mexico and CA on lower production and good demand.

Fruit

Bananas Alert

Supplies will be negatively impacted for a few more weeks from Guatemala due to tropical storm damage to the crop and transportation infrastructure. Supplies overall are lighter and demand is very good.

CitrusAlert

Lemons: The market is steady on choice but active on fancy. The peak sizing and grades have shifted from large fancy to smaller choices. Fancy grade import lemons from Argentina and Chile are coming into the East and West Coast.

Oranges: The market is very strong. California Valencia’s are peaking on 88/72. Supplies are light and growers are limiting packing to lighter as we move thru the summer. Fancy grade Imports from Chile are arriving which is taking some pressure off, but demand still exceeds supplies.

Lime: Overall quality is deteriorating, as shelf life and color decline. This is caused by extremely high temperatures and humidity in the growing regions. Small fruit still represents the majority of yields, while large sizes are less prominent. The market is expected to firm up again due to drought conditions impacting quality and grove dehydration, leading to fewer pack-out yields and active market conditions.