October 7, 2022

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Market Headlines

Turkey

HPAI has started back up again as the southernly migration has started. Supply of all Turkey remains tight but especially in whole birds and breast meat. Expect for record high prices to continue as producers struggle to keep up with demand.

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.

Dairy

High shell egg markets have started to curb demand, prices starting to fall/Butter markets remain high as we move into holiday season/Cheese markets remain mixed as supply for barrels tighten, while block are available.

Grains / Oil

USDA data revealed much higher soybean stocks than expected, so all traded soybean-based commodities traded lower. Soybean oil stocks, though, are down to a 13-year low. Expect this market to trend higher. Canola markets moved higher with farmers holding back on selling seed and less than expected yields. Palm is much lower with heavy stocks.

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 steady to lower in the West. Peru volume a bit light this week if East coast demand strengthens, expect prices to remain steady to a bit higher next week.

Cabbage – Green & Red

Red and Green firmer. US supplies remains tight likely for a few more weeks.

Cauliflower Alert

Supplies still very low, demand remains high. Market continues to climb and does not look to be backing off.

Cilantro Alert

Market firm, supplies are snug, but product availability varies by suppliers.

Cucumbers Alert

Market remains high in the West with limited supplies arriving from Baja, MX. In the East supplies are ok but will turn to a short market next week. Market is expected to firm up.

Eggplant Alert

Western supplies are limited. Volume will decrease in Central CA but expect crossings into Nogales from Mexico in the next 10 days. Eastern supply is heavy to choice #2 grade, Fancy grade are shorter.

Field Tomato Alert

Every major tomato growing area has been hurt by Hurricanes/Tropical Storms.

Tomato markets will remain unstable & on alert possibly through January, with Rounds, roma, cherry, and grapes all affected.

Green Beans Alert

Market is stronger with limiting supplies in current growing regions, market expected to continue to trend up.

Green Onions

Supplies better, but far below normal numbers, so we are seeing an adjustment down on pricing, but still expect to see it much higher than normal for this time of year.

Leaf, Iceberg, and Romaine

Every major tomato growing area has been hurt by Hurricanes/Tropical Storms.

Tomato markets will remain unstable & on alert possibly through January, with Rounds, roma, cherry, and grapes all affected.

Mushrooms

Market active. There are production/Labour issues industry wide. A major supplier of compost has been shorting farmers as they transition from old straw to new straw. This is impacting production and significantly reducing yields. Market expected to be short for several weeks.

Onions

Markets on Yellows are starting to come off. The harvest conditions have been near perfect in Idaho and Oregon; however, the sizing profile continues to remain heavy to smaller onions.

Peppers – Red & Yellow – Alert

Eastern green bell pepper supplies are shorter with stronger markets. Red and yellow bells nonexistent in the East and very light in the West. Expect markets to remain high until Mexico production starts.

Potatoes

The market is starting to come off. The 60-70 ct is starting to adjust down. The 40ct and 50ct are still limited and dropping at a slower rate. Washington market softer, with good supply.

Squash

East–Yellow and Zucchini crops are slowing down due to cooler weather at night.

West Coast – Good supplies crossing from Mexico with zucchini, yellow squash will be lighter next week, but should begin to improve in a week or two.

Tomatoes – Alert

The round tomato market is active as Florida was impacted with tremendous crop loss.

Mexico was also hit with weather and that will impact tomato availability in December and likely into January.

Fruit

Avocado

Market expected to firm up. Volume is higher from Mexico, however demand is strong. Peruvian arrivals continue to drop.

Citrus – Alert

Lemons –Markets remain firm as supplies are lighter due to growing area transition and high temps.

Oranges– Markets are strong with limited supplies of 88/138cts. CA Valencia crop is waning. New crop of Navels are expected to start in late October, market will be active until Navels come on with good volume.

Limes- Starting to see more availability as we inch into the new crop, but still very tight.

Mostly 200ct but very heavy to #2 choice grade.

Strawberries – Alert

Continuing inclement weather in the primary growing regions has created a demand exceeds supply situation expect very limited supplies throughout the week and going into next week. Markets are increasing.

Pineapple

Supplies are increasing and getting back to normal levels. Market is trending lower.