June 10, 2022

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Market Headlines

Turkey

Avian Influenza is having its worst outbreak since 2015. As of today, 5.5 million Turkeys have been lost, which makes up 2.5% of the US Turkey population. So far the Midwest has been the most affected by AI.

Eggs

Effective July 1, the new Nevada AB Egg Production law will become effective. Eggs must come from sources that have at least 1 square foot of space per hen. This is likely to increase egg prices in the desert region.

Shrimp

All fishing zones are now open in Louisiana. Landings of head-on shrimp for peeling continue to be good. Landings have been good over a broad range of sizes signaling an optimistic outlook and softening prices.

Dairy

The cheese markets continue to slowly drop. Butter prices continue to climb up due to tighter cream supplies. Sluggish demand and a soft market have the egg market down.

Grains / Oil

Last week was very volatile for the soybean oil market, starting the week lower and then moving back over 81 cents per pound for futures. Canola is still experiencing logistics issues in Canada. Palm oil moved higher as Indonesian exports are still not shipping.

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 mostly steady with good supplies and moderate demand. Quality reported as good to very good.

AvocadosAlert

Out of Mexico, volume is showing a decline in volume as we near the end of the season with small sizes becoming less of the manifest. Out of California, production is declining in volume as a result of the heavy volume harvested early in the season with limited volume on large sizes being available.

Broccoli & Cauliflower

Markets out of Mexico are challenged with broccoli supply, but good supplies available out of California. Cauliflower is showing some increased market activity for this week some suppliers reporting a reduction in yields.

Brussel Sprouts Alert

Active markets remain on both commodity and value-added brussels sprouts as the supply out of Mexico stays low and the Central Coast of CA is not in full production. Expect market conditions to continue for an additional 2 weeks. Quality issues are of concern as well.

Cabbage – Bok Choy, Napa, & Red Alert

Cabbage- Napa and Bok Choy – Markets remain active with less overall supplies available. Expect active markets for the next 2-3 weeks. On red cabbage, there is very limited supplies with active markets on the west coast.

CarrotsAlert

No change from the previous weeks. Shredded carrots, rainbow shredded carrots and 2 inch peeled carrots are now short in supply in addition to shortages on snack pack and jumbo carrots out of California. Carrot sticks for some also remain a challenge with the main carrot processor only packing a 2-inch stick, instead of a 4-inch stick.

Celery

Market continues to see better signs of supply as production has started out of the Salinas Valley. Markets look to stabilize over the next 2 weeks.

EggplantAlert

The market mostly steady with good demand. Texas is finished for the season. Southern California Imperial Valley is wrapping up and transitioning to Central California. New Mexico is starting up.

Fingerling Potatoes

Market continues to be short with limited suppliers for the next two months.

Green BeansAlert

Supplies out of the east coast are fair, most of Georgia is in a planting gap early this week. Production starting in the Carolinas and Virginia. Out of California supplies remain light but are expected to pick up next week in the central valley and Baja. For the west, they are supplementing with beans from the east coast.

Hot House

Supplies are very tight and demand exceeds supply on TOV and Campari tomatoes.

Iceberg, Leaf, and Romaine

Mostly steady markets are being seen again this week with less demand on all leaf lettuces. Increased market activity for some being seen on romaine, romaine hearts, and iceberg lettuce. Butter/Boston lettuce supplies remain limited this week due to overall fewer plantings that were done for the spring/summer months.

Peppers – Bell

East Coast – Green bell pepper supply is good with good quality and lighter demand. Market is a little lower. Red and Yellow bell peppers remain in short supply. West Coast – All colors of bell peppers remain short this week. 10 more days until Southeastern volume picks up.

Green bell peppers in California are in short supply from all shippers, but Bakersfield production getting underway, and there should be a decent supply by end of this week. Yellow bell peppers should mirror red bell peppers.

 

Fruit

Blueberries

Blueberries are in a prorate situation and will be tight over the next 3 to 4 weeks. Blackberries and Raspberries have increased in price this week as supplies from Mexico rapidly decline. The PNW is still about 2 weeks behind schedule. Once this area starts to come on, we should have some relief on blueberries.

CitrusAlert

Lemons: Market mostly steady. Small sizes are getting a premium over large. Imported lemons from Argentina and Chile have started to arrive in limited volumes. These will steadily increase over the next several weeks

Oranges: Market firm. California Valencia’s are the primary orange variety being packed now. The fruit is peaking on 88/72/113, but the market is still very short of the demand. Import oranges from Chile and South Africa will begin arriving in early July, which is expected to help some

Lime: Smaller sizes remain low in price, while 110/150ct remain high due to lack of availability in the market. Sizing, 40% coming in at a 175/200ct and 45% coming in at a 230/250ct. Flexibility is needed on sizing as suppliers will have to substitute on 110s/150s remaining limited in supply.