Market

Market Conditions Report

Market Conditions Report: For the Week of May 13, 2018

 

Beef

  • Beef production was 647,000 up 3.9 % from previous week and up 5.2 % over last year.
  • Ribeye – Market up 6.9 % over last week and down 0.9 % from last year
  • Tenders – Market up 6.8 % over last week and down 10.1 % from last year
  • Strips – Market is up 7.8 % over last week and down 3.8 % from last year
  • Rounds – Market up 3.2 % over last week and down 3.7 % from last year
  • Grinds – Market up 3.3 % from last eek and down 6.2 % from last year

Pork

  • Pork production was 2.3 million down 1.3 % from last week and up 2.8 % over last year
  • Bacon – Market up 2.5 % over last week and down 23.7 % from last year
  • Sausage – Market up 8.9 % over last eek and down 17.1 % from last year
  • Loins – Market up 0.2 % from last week and down 7.7 % from last year
  • Butts – Market up 11.3 % from last week and up 20.7% from last year
  • Ribs – Market is down 0.3 % from last week and up 1.1 % over last year

Poultry

  • Poultry production is starting to fall behind demand.
  • Breast – Market steady with last week and very high demand is causing early allocations
  • Wings – Market flat with last week.
  • Tender – Holding steady now heavy demand from further processors
  • Whole Chicken – Market down 5.3 % from last week

 Fish

  • Swordfish – Market steady High quality New Zealand now available
  • Tuna – Market down very nice quality
  • Halibut – West coast high quality now available. Atlantic market up low landings
  • Cod – Market steadyl
  • Haddock – Market steady
  • Salmon – wild kings now available but at high cost
  • Salmon Framed – All markets trending up very heavy demand expect same for coming weeks.
  • Cobia – Market up supply tight fish are too small to harvest.
  • Barramundi/Bronzino – All markets steady and good time to feature.

 Seafood

  • Lobster – Live market steady as production increases. Cold and warm tail market up heavy Mother’s Day demand.
  • Shrimp – Market steady at great value and future supply outlook is excellent
  • Scallops – Market steady at value point and outstanding quality
  • Pasteurized crab – No change market at high point
  • Mussels – Supplies normal market is steady
  • Oysters – Market is steady
  • Clams – Market is even demand is about to dramatically increase.

Dairy

  • Milk/Cream – Priced monthly market steady demand is solid and inventories are just on pace
  • Cheese – Market is adjusting upward
  • Butter – Market is steady demand is high and inventories are below last year
  • Eggs – Market is down slightly demand is light.

Wheat

  • Last week’s wheat quality council estimated the smallest winter wheat harvest for the central states since 1989. Current inventories are adequate to cover demand. The United States prices for wheat are uncompetitive in world markets and there are no exports to speak of. This year’s spring planted acres continue to improve every day as more favorable weather conditions
    are finally here.

Non-Foods

  • The non-food category continues to be more of the same. Price increases continue and more announced for coming months. Expect increases in plastic and aluminum and Foam products. Do not expect this to be a short term issue it is expected to continue through this calendar year.