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March 3, 2023

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Market Headlines

Eggs

Current impact of the fall outbreak of Avian Influenza continues to keep markets on edge. Egg supply remains tight. We continue to see significant increases in markets resulting in higher costs for shell eggs.

Wings

Chicken wing availability has increased coming out of the Super Bowl but we are fast approaching March Madness so be prepared.

Seafood

Shrimp Landings have slowed greatly in Texas. Louisiana season is done until sometime in May. There will be a very limited supply of U-12 Whites and Browns for the balance of the season.

Dairy

Shell eggs continue to increase as demand picks up. California shell egg market continues to fall. Cheese markets remain steady to slightly up. Butter Markets decreased this week, bearish tones still exist. Cream and Culture pricing adjustments due to non-market cost factors for March.

Grains / Oil

Soybean oil moved higher last week with USDA reporting stocks lower by 7% with increases in biofuel demand. Canola stocks are largely increasing and may provide an opportunity for buyers. Palm is higher on good demand and flooding within Indonesia and Malaysia causing production to be lower.

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

Mexican production is ramping up with warmer weather and the long-expected volume increase is just around the corner. Already the market is reflecting the downward trend with next week promising better weather.

Broccoli/Baby Broccoli

Baby broccoli – Broccolini continues with extremely short supplies as cold weather is impacting the growth, demand exceeds supplies with most suppliers.

Broccoli

Broccoli supplies are tighter and expect the market to start to react higher.

Cabbage – Green & Red

Colder weather has impacted yield pushing the market up on both Red and Green.

Cauliflower 

The market is higher as most shippers are light in supply and not meeting demand. Weather looks to improve but will likely be tight to the end of the Yuma season.

Cilantro & Parsley

The market is higher as most shippers are light in supply and not meeting demand. Weather looks to improve but will likely be tight to the end of the Yuma season.

Cucumbers

East – Supplies are light from imports and very few out of Florida with limited production. Demand strong and pricing remains high. Quality good. West – Limited supply keeping market active.

Corn

East – Supplies continue to remain light, and market remains elevated. Anticipating, supplies to improve in the coming weeks. West – Both white and yellow showing better supplies and quality expected to improve. Market is unsteady.

Eggplant

East – Eggplant supply very limited on fancy grade. There is choice grade around with scars. Market is very strong, demand strong, and will remain until new fields start. West- Lower supplies, steady demand, no changes expected.

Mushrooms

Barring any unforeseen weather disruptions, supplies will continue to keep pace with demand. The market continues to remain steady.

Onions

Market remains steady as we finish up February. Quality is holding steady as well. The market has come off slightly on Yellows and Reds onions. South Texas is ramping up with Mexican product.

Peppers

Green bell pepper market is stronger, demand good, quality is decent, and supply lower. Market will increase more by weekend. Red and yellow belles extremely short. West showing a robust market with good demand and higher.

Potatoes

Green bell pepper market is stronger, demand good, quality is decent, and supply lower. Market will increase more by weekend. Red and yellow bells extremely short. West showing a robust market with good demand and higher.

Tomatoes

Round and cherry market pricing will increase due to declining volume out of Florida. Grape and Roma volume remain steady due to good volume and low demand out West.

Fruit

Avocado

Field prices have been increasing since the Super Bowl and are now being translated into higher FOB prices. 48’s and larger are the real movers.

Citrus – Alert

Lemons – The desert region is done and moving up to the California coast and Central valley, with a high percentage of Fancy grade from the Central valley . As with oranges the rain in the valley will slow harvest and keep this market active.

Oranges – Rain has stalled out harvest since Friday. Good Supply of 88s and smaller oranges. 72s and larger may be tight supplied as suppliers have not been able to harvest.

Limes – Alert Supplies continue to be limited on U.S. #1 fruit and prices are remain elevated. Anticipate some relief mid-March with new crop, large sizes (110/150/175’s) will remain limited because of stage of crop.

Strawberries

Rain and cold temps in California are severely impacting supplies. Growers still have good supplies from Florida and Mexico to supplement. The long-term this may go on for a few weeks or longer if weather doesn’t improve. In which case the market will become very active.

Pineapple

Steady supply. No quality issues. Prices remain higher than average on all sizes. Demand will increase as we approach Easter.