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.
Beef – Placements in May were over 2 million head, 4.3% higher than a year ago. In the near term the inventory of market ready cattle has been coming down, which helps explain why feedlots appear to be in a better bargaining position.
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Asparagus – Market is much higher as supply has decreased significantly as local production ends. Mexican and Peruvian supplies will be limited.
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Corn – East – Supplies from Florida are wrapping up. Georgia is going, however there seems to be a trend of being ahead in harvest. This may cause a supply issue closer to the 4th of July.
West – Moderate volume due to transitional growing areas. Market expected to increase with a possible gap in the next two weeks.
Grapes – Good supplies on both coasts from import and Mexico product off to a positive start as well. Expecting tiered market through this and next week, as quality and volume improve and Chilean inventory clears.
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