Market

Market Conditions Report

Market Conditions Report: For the Week of November 5, 2017

Beef

  • Beef production was 617,000 down 1.9% from previous week and up 0.5% over previous year.
  • Ribeye – Down 1.0% from previous week and up 8.7% over last year.
  • Tenders – Up 5.2% from previous week and up 10.7% from previous year.
  • Strips – Down 0.3% from previous week and up 17.1% from previous year.
  • Rounds – Down 1.7% from previous week and up 10.4% over previous year.
  • Grinds – Up 3.0% over previous week and up 12.0% over previous year.

Pork

  • Pork production was 2.52 million down 1.9% from previous week and up 4.9% over previous year.
  • Bacon – Up 2.2% over previous week and down 11.8% from previous year.
  • Sausage – Down 2.3% from previous week and up 40.3% from previous year.
  • Loins – Up 1.3% from previous week and down 5.0% from previous year.
  • Butts – Up 4.3% from previous week and up 10.1% over previous year.
  • Ribs – Up 3.1% from previous week and up 11.1% over previous year.

Poultry

  • Poultry production was 164 million down 1.9% from previous week and up 0.5% over previous year.
  • Wings – Down 1.7% from previous week and up 9.7% over previous year.
  • Breast – Market is flat with previous week and down 10.9% from previous year.
  • Tenders – Flat with previous week and down 5.7% from previous year.
  • Whole chicken – Flat with previous week and up 14.2% over previous year.

 Fish

  • Swordfish – Market is increasing, high demand time of year.
  • Tuna – Market is holding steady.
  • Halibut – Market is down, increase in production, very high quality being reported.
  • Cod and Haddock – Both markets steady, supply on pace with demand.
  • Salmon – Farmed steady, some limited supply of kings available.
  • Bronzino / Barramundi / Cobia – All markets steady and great items to feature.

 Seafood

  • Lobster – Whole market is steady / Cold large sizes tight market up / Warm Eight ounce tight, others steady and meat market is high, supply tight.
  • Shrimp – Market is steady, supplies are excellent, great value for this holiday season and right now is a great time to feature.
  • Scallops – Market up sharply as 80% of quota is already caught.
  • Mussels/Clams/Oysters – All markets steady, supply is ample for demand.

Dairy

  • Milk and Cream – Steady priced monthly.
  • Cheese – Market steady, supply and demand in balance.
  • Butter – Market is balanced and steady, unusual, but still may see increase for Holiday.
  • Eggs – Moderate decrease in large and mediums, again unusual for this time of year.

Wheat

  • The USDA winter wheat crop report stated new crop is slightly lower in quality and behind progress for harvest compared to the 5 year average. This means the value of high protein winter wheat rises to the millers. That being said we can expect a modest increase in the near term.