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Cooler weather in the south have allowed bird weights to increase which is causing an increase in availability of Jumbo product (Breast and tender meat).
Imported shrimp are still seeing historic lows but are expected to level off going into the holiday season as inventory position for suppliers improves.
Cooler weather has allowed bird weights to increase increasing supply on jumbo and medium sizes. Breasts have ample supply. Tenders availability is increasing on jumbo and medium sizes. Wings of all sizes have good demand and steady supply. Dark meat demand is staying strong. Whole birds are mostly steady.
Overall primal markets were down slightly for next week with the exceptions of spareribs and back ribs. Bellies, butts, and loins are all moving down and will begin to search for a new floor. October is generally a slow month for pork and the market is following these trends.
Upper 2/3 grade, light weight Ribs and PSMO’s remain limited. Strips are mostly steady, except for Select grade- which are seeing light market pressure. Chucks and rounds remain balanced. Thin meats, mainly on sirloin flap and flank steaks, are trending softer. Grinds continue to struggle w/ more supply than demand. The lower the lean point, the faster the price slide.
Shell egg markets are adjusting, with some bearish activity. Cheese markets continue to decrease. Cream and Culture pricing will have nominal increases across the country for October.
Futures, for soybean oil, finished a little lower last week, but the market was very volatile. Crude oil was weaker, the harvest is heating up, and the South American bean crop is helping to keep prices lower. Canola harvest is about done with better-than-expected overall seed harvest. Palm moved a little lower.
The Tilapia market is poised for inventory challenges and pricing going into the first quarter of the new calendar year due to the heavy floods in China. Going into the holidays, expect increased usage on shellfish items we see normal demand spikes for this time of year: Shrimp, Crab, and lobster products.
Demand continues to outpace supply. Supplies are trying to sub to alternate sizes but may still come up short. Market expected to remain active.
Market holding mostly steady as volume continues to be light and demand remains moderate.
Supplies have been significantly impacted due to quality issues in the field reducing yields. Expect to be in a demand exceeds supplies for a few weeks.
Supplies and quality good on both red and green. Market mostly steady on green with red up slightly.
Market has firmed up quickly. Weather has impacted growth and quality issues have impacted yields. Suppliers subbing sizes to try and fill orders.
Market holding mainly flat. Steady to slightly lighter supplies for shippers with 24 and 30 ct even tighter. Supply should be able to cover orders for the near future though by subbing sizes.
Moderate to light supplies on cilantro, expect to see some quality issues and drops in yields from the recent heat. The parsley market could trend higher if recent heat impacts yield and quality. Growers still accessing the heat impact.
Market is trending lower in pricing with better supply on lettuce. Good volume on Romaine, market steady as we head towards the transition. Romaine Hearts, market steady to softer.
Growers are dealing with a two-week gap on brown mushrooms and supply disruption on brown mushrooms can be expected over the next two to potentially three weeks. The overall market remains steady.
Northwest harvest is starting to wind down. We anticipate being finished by the end of next week. Onion quality is excellent, and we expect a good strong storage season.
East – All color pepper supply extremely short, and market stronger as crops move to regions impacted by past hurricanes. West – Green volume lighter as regional transitions come into play. Red and Yellow supplies good market lower.
Supplies are very good as supplies are coming in right from the field. Sizing and quality are looking good this year. Prices has begun to stabilize.
Supplies are extremely light, and demand is stronger and exceeds supplies. Recent excessive heat has now compounded the issues.
East – Zucchini supply lighter, quality good, and market stronger. Yellow squash market steady, some quality and color issues around. West – Supplies increasing into next week. Market decline expected.
Markets on Round and Roma tomatoes are fairly steady, with some lower pricing for round tomatoes in the west. Grapes are slightly higher and cherries fairly steady.
Mexico – Good volume being harvested, pricing slowly dropping, however, #2 fruit will remain tight. Expect the market to stabilize and increase slightly headed into the next 2 weeks of harvest.
Supplies are very limited with Peruvian imports being down 60% from poor weather conditions. Volume will not improve until late October.
Lemons Alert– Imported Lemons are becoming more available and will provide relief. Chilean & Mexican Lemons are peaking on smaller sizes. The desert will have more scaring than previous years due to the recent Tropical Storm.
Oranges Alert -Valencia’s are finishing up in 2 weeks. Domestic navels are looking to be about a week behind. Could see a gap if demand increases over the next weeks.
Limes Alert– Rain over the weekend in Mexico halted harvest and led to lighter supplies to start the week off. Supplies of large fruit continue to tighten up as new crop limes continue to be primarily 230ct/250ct sizes.
Red market will climb as stored volume gets moved. Green is holding strong pending early finish as expected. For now, market has slowed.
Supplies are improving week over week now at origin. There is some port congestion on the Pacific side of Costa Rica causing delays into the west coast.
