Sysco’s Market Corner is a weekly report covering key commodity outlooks to keep you informed and support you in managing your business. Reports are produced every Friday.
Dairy – Shell egg markets are down this week. California and Northwest markets are down. The Block & Barrel are increasing. U.S. cheese exports in July were up 10.1% YoY. Butter is down, after hitting new record highs in the middle of last week, EEX butter futures pulled back a bit.
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Grapes – Quality good on all varieties. The extreme heat from a couple weeks back has had an adverse effect on overall supply, but we will see those effects in an earlier than normal finish to the California season.
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Cilantro/Parsley – Good supplies next week for Cilantro. The market decreased on moderate demand. Good quality and improving. Parsley supplies and demand are moderate keeping the market mostly steady.
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Pork – Butts market is unsettled. Bone-in and boneless materials are expected to continue to trade at current levels. Loins are steady. Ribs are down again this week, supply is static, and demand continues to be soft post July. Bellies are unsettled. Trim softened up on the week after the last few weeks of rising markets- 42’s are up, 72’s are down on the week.
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