Market Conditions Report

Market Conditions Report: For the Week of January 26th 2020

 

Beef

  • Beef production was 631,000 head down 1.4 % from last week and up 0.8 % over last year.
  • Ribeye – Market is up 3.7 % over last week and down 1.2 % from last year.
  • Tenders – Market is up 1.4 % over last week and down 3.1 % from last year.
  • Strips – Market is up 4.2 % over last week and down 1.7 % from last year.
  • Rounds – Market is up 3.2 % over last week and up 8.5 % over last year.
  • Grinds – Market is up 7.8 % over last week and up 4.5 % over last year.

Pork

  • Pork production was 2.57 million head down 4.5 % from last week and up 3.5 % over last year.
  • Bacon – Market is up 11.4 % over last week and up 25.4 % over last year.
  • Sausage – Market is up 7.4 % over last week and up substantially over last year.
  • Loins – Market is down 0.5 % from last week and down 1.3 % from last year.
  • Butts – Market is down 1.6 % from last week and up 26.8 % over last year.
  • Ribs – Market is up 0.4 % over last week and up 3.4 % over last year.

Poultry

  • Poultry production was 173.1 million head down 1.4 % from last week and up 0.8 % over last year.
  • Breast – Market is steady with last week and down 14.8 % from last year.
  • Wings – Market is steady with last week and down 6.0 % from last year.
  • Tenders – Market is steady with last week and down 13.4 % from last year.
  • Dark Meat – Market is steady with last week and up 22.2 % over last year.
  • Whole Chicken – Market is steady with last week and down 21.7 % from last year.

 Fish

  • Swordfish – Steady for now but expect drop mid week.
  • Tuna – Market is steady, demand is moderate until Valentines day.
  • Halibut – Market is elevated as landings were light on large sizes.
  • Cod & Haddock – Both markets up due to weather limiting landings.
  • Salmon – Farmed markets up from all producing countries.
  • Cobia/Barramundi/Bronzino – All items in good supply and excellent quality.

 Seafood

  • Lobster – Live market is steady on small size and up on large size. No changes in cold and warm tails.
  • Shrimp – Asian White / Black Tiger – Both markets steady at current level. Wild Mexican landings are below expectations. If trend continues, market will rise accordingly.
  • Scallops – Market is steady supply on pace with current demand.
  • Pasteurized Crab – No change market remains at high point.
  • Mussels – Market steady, supplies are good.
  • Oysters – All markets steady and more west coast production coming in.
  • Clams – Market is steady and near term outlook is good.

Dairy

  • Milk – Priced monthly, market steady
  • Cheese – Market is trending up with heavy demand.
  • Butter – Market is steady and 15.7 % below last year.
  • Eggs – Market is up 4.4 % over last week but down 33.4 % from last year.

Wheat

  • Futures have been supported by steadily increasing world wheat prices and the newly signed China trade agreement may lead to United States exports and concerns that the crop sizes are smaller than projected. The markets will watch for any export news that may further influence prices.

Non-Foods

  • Plastic carry out bags – There is a term called Exempt Bags: one that is provided by a restaurant, tavern or other food service establishment as it is defined in the State Sanitary code to carry out or deliver food.

 

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