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 up this week and California eggs are flat. The largest farm impacted by the recent outbreaks primarily serves the retail sector, prompting a surge in spot market buying interest for retail-ready products today. The Block & Barrel are up. Butter is down and has been between $2.50 and $2.55 the past 6 weeks.
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Potatoes – Supplies are good on the new crop. The sizing is heavy to large with most growers being lighter on small sizes. Quality is good. Prices are steady.
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Broccoli – Supplies are continue to decline slowly. Demand has remained strong for florets and moderate for cartons.
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Grains/Oil – Soybean oil trading last week was held within a tight range, averaging the week slightly lower. Palm oil trading calmed, helping soy stay relatively flat. Soybean oil stocks are very tight and demand for exports is very strong. Palm oil production fell but exports are down, keeping the value flat. Canola trading also ended flat.
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