June 30, 2023

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Market Headlines

Beef

Last Friday the Cattle on Feed Report was released and overall had a neutral to bearish. The first highlight came from the placement number, which exceeded the expected range.

Dairy

Shell Egg markets across the country are flat, except for California Mediums, down .06/dz. Cheese markets are down slightly but expected to rise. Butter markets are stable. Cream and Culture pricing will have nominal increases for July.

Grains / Oil

Early last week, futures fell limit down, but bounced back and ended the week slightly higher at 1%. This was due to and EPA announcement regarding biofuel mandates. But dryness in the growing region helped futures to bounce back. Canola and palm both followed the direction of soybean oil.

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

Produce Market Updates

Vegetables

Asparagus

Asparagus will be in an extreme short situation for at least three weeks with demand exceeding supplies. Pricing has increased and will continue to escalate through this period.

Brussels Sprouts

Market remains high and supplies remain shorter due to lower yields from quality issues in the fields. Supplies anticipated to start to improve as we get into July.

Cabbage – Green & Red

Green market is holding steady on good supplies, red market is firm but trending lower as supplies begin to improve.

Cauliflower

Market is beginning to firm up. Few are expecting supplies to be shorter next week, 12s and 16 ct available but market is increasing, 9 ct are snug.

Celery

Market is active and extremely high; growers are seeing slow growth and smaller sizes due to cold temps. Demand exceeds supplies.

Cilantro & Parsley

Market remains firm as supplies are expected to be on the lighter side for a few weeks on both cilantro and parsley.

Corn Alert

Extremely limited western supplies, with the possibility of new acreage late next week to help this supply exceeds demand item. Supplies in the east are extremely light due to weather.

Green Beans Alert

Supplies are light in the East due to significant rain, demand good and market strong. On the west coast market has adjusted to lower levels but warm weather may swing it back to the highs.

Lettuce & Romaine

Supplies are tighter this week due to planting disruptions from rains/flooding this winter/early spring pushing the market higher on both Romaine/hearts and head lettuce.

Onions

Good supplies and quality coming from New Mexico and Central California. Overall market is steady.

Peppers – Red & Green  

Central California in full production with excellent quality. Fancy reds will be shorter, and market is higher priced, otherwise volume is good and market steady on green bells, East – supplies lighter, demand strong, market higher with good quality on Eastern North Carolina peppers.

Potatoes – Russets

Demand remains light at elevated prices from past years. Larger sizes are lighter in supply with small sizes having better availability. Quality remains good. Market is steady.

Tomatoes

Round pricing continues to escalate due to lack of availability in FL, GA, and AR. Quality varies greatly among shippers. Roma market is stable with good availability out of Mexico. Grape and cherry markets remain escalated due to lack of volume.

Fruit

Avocado

New crop officially started this week in Mexico; however, harvest volume is limited, and it will take a couple weeks to fill the pipelines. Pricing may slowly drop as the weeks progress on smaller fruit while larger fruit is expected to remain elevated.

Citrus

Lemons – Market is going up especially on fancy fruit. Most of the Central Coast fruit is choice and imports haven’t really hit to supplement the California supply line. Expect lemon prices to go up each week until more imports arrive .

Oranges –  Navels wrapping up by end of June, and full transition to Valencia’s expected at that time. Valencia peaking 88/113.

Limes – Market is very active and is increasing due to poor quality and low yields with the current crop; caused by drought conditions in the growing regions.

Grapes 

Green grapes came off slightly and red grapes remain steady. Overall quality is excellent.

Pineapple

Supply is starting to decrease. Prices steady but expect to rise slightly. Quality is excellent.