Market

Market Conditions Report

Market Conditions Report: For the Week of July 15, 2018

 

 

Beef

  • Beef production was 562,000 down from last week and up 2.7 % from last year
  • Ribeye – Down 2.8 % from last week and down 5.8 % from last year
  • Tenders – Down 1.3 % from last week and down 8.5 % from last year
  • Strips – Down 3.7 % from last week and up 9.2 % from last year
  • Rounds – Flat with last week and down 18.5 % from last year
  • Grinds – Down 7.6 % from last week and down 28.6 % from last year

Pork

  • Pork production was 2.0 million down 11.2 % from week and up 5.9 % from last year
  • Bacon – Up 5.2 % from last week and down 18.8 % from last year
  • Sausage – Down 5.4 % from last week and down 5.6 % from last year
  • Loins – Down 1.1 % from last week and down 15.8 % from last year
  • Butts – Down 2.4 % from last week and down 15.8 % from last year
  • Ribs – Down 0.5 % from last week and up 0.2 % from last year a good sign for this time of year

Poultry

  • Poultry production was 562,000 down 13 % from previous week and 2.7 % over last year
  • Breast – Market even with last week and down 17.9 % from last year
  • Wings – Up 1.7 % over last week and down 34.4 % from last year
  • Tenders – Up 1.4% from last week and down 9.0% from last year
  • Whole Chicken – Market even with last week and up 7 % from last year
  • Dark Meat – Market steady with last week and down 9 % from last year

 Fish

  • Swordfish – Market down and Canadian Harpoon season starts soon
  • Tuna – Market down great landings excellent time to feature
  • Halibut – Market may be at low point as processors are buying up for freezing
  • Cod – Steady
  • Haddock – Market up slightly
  • Salmon Wild -Kings and Sockeye down Coho season starts soon
  • Salmon Farmed – Market is steady and there are some very large fish in the market due to lost bad weather days
  • Cobia – All markets steady
  • Barramundi – All markets steady
  • Bronzino – All markets steady

 Seafood

  • Lobster – Live: last week’s weather warnings held boats at docks market will adjust down this week. Cold and Warm markets are fluctuating short supply of large sizes and Brazilian season is just now underway
  • Shrimp – Year to date shrimp imports are at 8.9 % over last year. Shrimp remains a great value
  • Scallop – The market is even good supply and excellent quality
  • Mussels – Supply normal market is steady
  • Oysters – Supply normal market steady
  • Clams – Market up tight supply heavy demand

Dairy

  • Milk/Cream – Priced monthly steady. Milk production is declining with the hot weather as expected. There is a limited supply of truck drivers to haul product to processing facilities
  • Cheese – The market is below last week and last year’s levels. Cheese sellers are adjusting market lower to keep current export orders flowing
  • Butter -Market is down light demand time may be at low point
  • Eggs – Jumbo size is very tight. Extra-large in basically the same shape. Large and mediums are too abundant for current demand and the best value

Wheat

  • Market reacted quickly to tariffs and adjusted up. There was an excellent start to the current growing season and crop conditions are in great shape. European crop estimates and acres planted continue to shrink and that will mean the United States will export more than in previous years

Non-Foods

  • Market conditions on nonfoods raw materials have shown some slight decreases last week. After several weeks and months of continued increases the markets are finding their new normal.
  • The most affected market is items containing aluminum and those items will continue to increase.
  • Scheduled increases are in plastic cutlery up 5 to 7 % on August 1’st. Also brown paper all items also will increase 5 to 7 %.