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Beef continues to be impacted by smaller cattle supply and reduced harvest. Packers continue to try and lock up out- front business at higher levels.
Imported shrimp are still seeing historic lows but are expected to level off going into the holiday season as inventory position for suppliers improves.
The chicken industry is in peak growing season and bigger birds are the result. Breasts have ample supply on all sizes. Tenders are more available especially in larger sizes. Wings of all sizes have good demand and steady supply. Dark meat demand is staying strong. Whole birds are mostly steady.
As demand for butts continues to weaken, expect concessions in this market to continue with normal seasonal trends. Low cold storage levels will continue to drive the rib complex up over the next few weeks. Loins should continue to decline as retail ads have been nonexistent. Bellies are also continuing their downward trend and is expected to continue declining.
Cattle trades higher as packers reduce hours. Buyers need to cover close in needs have helped drive this market upwards across the board. Ribs & PSMO climbed higher along w/ Strips at a slower pace. Chucks continue to exceed expectations, as demand continued to drive pricing higher. Rounds are balanced. Grinds are steady.
Shell egg markets are flat this week. Block markets steady, while barrel markets on the rise. Butter is steady; however indications are that the market will fall within the next couple of weeks. Cream and Culture pricing will have nominal increases across the country for October.
Last week’s USDA report showed soybean oil stocks lower, which ran the soybean oil market higher. Beans were higher. Large fund traders added some length to their overall positions helping to add to the higher market. Canola was flat with good yields, but an overall smaller crop. Palm was higher, in step with soybean oil.
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.
Mexican transition and limited Peru volume due to El Nino weather have created an increasing market. Quality is excellent out of both regions. Market active.
Market coming down as volume improves 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 another week or two.
Supplies are just covering demand. Market softer but expect it to remain active as we close in on transition. Suppliers subbing sizes to try and fill orders.
Good supplies and market is steady to softer. No issues with quality. Look for this to continue for the next couple weeks.
Cilantro and Parsley supplies and overall quality look good. Market is holding mostly steady for both.
Market is trending lower in pricing and looks to be leveling out 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 now complete. Onion quality is excellent, and we expect a good strong storage season.
East – Green pepper supply much lighter, demand strong, quality good, and market will remain high for Georgia season. Red and Yellow bells are short supply. West – Greens in flux with desert start predicted in a week to two and Mexico delay causing shorter supply. Reds out of coastal region off peak as Baja ramps up. Yellow supply meeting demand.
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. Salinas region is winding down and we are 2–3 weeks away before Mexico production comes on.
East – Zucchini and yellow squash supply steady, quality is good and markets steady. Moving well at current prices. West – Good supplies, market lower, quality good.
Markets remain steady on all varieties both east and west. Markets will improve through October as volume out of Florida increases.
Markets are higher and will remain high until the pipeline is full again, inventories are low and still recovering from the rain last week. Expect XL sizes to remain tight all seasons.
Volume is very limited due to low volume from Peru. Production will start to improve in November with Mexico increasing but will still be below normal through December. Prices are steady.
Lemons – Lemon harvest has begun in Central California, the desert is 50/50 choice to fancy, and the coast is producing 60/40 fancy to choice, so the Central region is needed to balance. Pricing declining on fancy grade, but choice remains steady.
Oranges – The Valencia crop is winding down over the next couple weeks. 113 & 138ct size fruit is very tight, crop peaking on large fruit. Navels anticipated to start packing the week of 10/30 approximately, forecasted to peak on 88/113/72/138’s.
Limes – Supplies of large fruit continue to tighten up as new crop limes continue to be primarily 230ct/250ct sizes. As this trend continues, expect to see the price spread continue and quality to be fair.
Red continues to be least in supply, market is increasing. Predictions are supply will last through mid-November. Green grapes look better for late harvest varieties and new ads for solid quality grapes. Green market is steady.
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.
