Market trends For week ending April 16, 2021 - Performance Foodservice
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market trends For week ending April 16, 2021
market trends
WEek ending April 16, 2021
Produce
Market Overview
We are seeing a good supply for most items. Quality is good, MARKET ALERT
though there are weather-related issues such as epidermal peel, • Apples – EXTREME
tip burn, rib discoloration, and mildew. We are in the middle of • Avocados – ESCALATED
• Berries (Blackberries and Strawberries) -
transition and some shippers have moved to Salinas (and Huron),
ESCALATED
but many shippers are still shipping from Yuma. Full transition will • Carrots (Jumbo) – ESCALATED
not be complete until the week of April 25th. Florida’s corn market • Bananas – ACT OF GOD/FORCE MAJEURE
is becoming active as we harvest in blocks that were affected by • Garlic – EXTREME
cold weather earlier in the year. We should see firmer markets in • Ginger – EXTREME
the southeast until we move to Florida and South Georgia over • Limes – ACT OF GOD/FORCE MAJEURE
the next 3 weeks. Banana markets remain firm due to the Force
Majeure being declared by major global banana suppliers. Growers WATCH LIST
• Corn
have suffered major damage to crops and infrastructure, causing
• Cucumbers
a large ripple in the supply chain. We expect an escalated banana • Eggplant
market through at least the first quarter of 2021. Limes are very • Green Bell Pepper
short, particularly in the larger sizes, we will remain in a Force • Cherry Tomatoes (Mexico)
Majeure with our supplier. We expect very active lime markets • Mushrooms
through the middle of April. Avocados are becoming extremely tight • Watermelon
due to higher demand, and lower volume estimates are coming out
of Mexico due to yield loss. California estimates were revised down
and expect a very active market until Peruvian fruit arrives in late
May. We will start to see some transition in bell pepper supply from expecting some green leaf at the least starting by the
Mexico to Coachella over the next few weeks. 5th of April. The next few weeks will be interesting as
Salinas weather has been cold which has slowed the growth of suppliers will be transitioning at different times.
early crops. The current temp is 55 degrees with a high in the low
60’s. We expect temperatures to be in the low 60’s slowly reaching Iceberg quality is poor right now in the Yuma area due
70 with lows in the mid 40’s. The cold temps have slowed growth to mildew, blister as well as rib blight showing up in
with fields being 5 to 14 days behind schedule. I am adding fields. Mildew and discolored blister will be a concern
pictures of iceberg that was scheduled to be harvested tomorrow going forward. Suppliers are also struggling with weight
but is too immature. as we are seeing some fields being packed at 34 lbs.
and others up to 53 lbs. Expect very little Peak for
The bigger issue in the Salinas valley is the Impatiens virus. Some remainder of Yuma season.
fields are seeing up to 50% of the product being affected. The
virus has also spread further north and south in the valley than last Romaine is dealing with inconsistent size, burn and
season. This virus is spread from insects carrying the virus and some virus issues. Expect packer for the rest of this
affecting the plant by biting it. With warmer weather the insects will week possibly next week as well.
be more active and can cause a larger spread in the fields. I will
continue to keep you up to date with what I am seeing. Green Leaf is looking good with some inconsistent
sizing.
Iceberg in Coachella is done and now harvesting in Huron and
Yuma. Depending on the weather in the Salinas area suppliers will I will have a good idea of processed quality next week
be harvesting somewhere around the first week of April. We are as our processors are really getting ramped up and
started packing Peak product. Quality and texture
should not be an issue right now.
I am including pictures of romaine being packed in Peak
today and tomorrow as well as iceberg.
2
market trends
WEek ending April 16, 2021
Produce (continued)
Yuma, AZ Forecast
Immokalee, FL Forecast
Apples & Pears Avocados
EXTREME: The Washington Apple community is reporting ESCALATED: Volume will continue to tighten up, pushing
that the 2020-2021 crop is down this year by nearly 30 FOB prices higher as we see lighter numbers crossing from
million cases for several reasons. At this time, we are also Mexico due to revised volume and higher demand. We
seeing deficits in other regions on a national level. This is due continue to observe the spring crop as we see losses due to
to weather related pressure, late summer and early fall in freezing temps in the region earlier in the year. Revisions to
the Pacific Northwest, and unprecedented demand at retail. the California avocado estimates have been down. We expect
Please keep in mind, the USDA Food Box program, as well as active markets until we see relief from Peru in late May.
other government backed programs, have reduced the overall
availability of the fruit. This shortage is impacting the Granny
Smith and Gala varieties, which are major food service items.
Between the production shortages, which are weather related,
unprecedented demand, and COVID-19 restrictions and
closures, there will be a continued upward pressure on price.
Please note that we are expecting pricing to remain higher until
new crops begin sometime in August 2021.
Asian Pears
Asian pear supply is available. Chilean & Argentine Bartlett
Pears in LA.
Artichokes
We expect fair volume to continue through March. Prices are
steady. Quality is excellent.
Arugula
Quality is fair this week and we are still seeing some
discoloration due to the weather.
Asparagus
Peru: Low volume and good quality. Mexican volume is affecting
Peruvian demand. Mexico: Good quality and high volume.
3
market trends
WEek ending April 16, 2021
Produce (continued)
Bananas Broccoli
ACT OF GOD: Weather is getting better in the topics, which Supplies have improved this week and the quality is good in
should increase quality. Supply is still lower due to the Salinas.
hurricanes in 2020.
Brussels Sprouts
Beans Availability should be much improved for the coming week as
EAST: There are multiple areas in production in Florida, we make full transition to northern loading points in San Juan
providing plenty of volume. Good volume and quality should and Salinas. Expect to see higher FOBs on open spot market
continue for the immediate future as long as rain stays out of packs coming from stronger demand. Quality is good; some
the picture. FOBs are steady with last week. insect damage and sunscald are noticed.
WEST: As we get further into the month, we are seeing
several Mexican shippers finish up for the season while a few Cantaloupe
others hang on and try to make it through the month. Our Market has eased a bit as better volumes are arriving, the
ranch in Guasave looks to continue with moderate numbers overall quality has been good with some fruit showing some
into mid-May. May should also bring us a few beans from the soft here and there, but internal condition has been very good
Coachella valley which will be followed by Fresno a few weeks with descent sugar and excellent internal color. We expect
later. FOBs are mostly steady with last week. the market to stay steady and then start to increase as we
get into mid-April as imports slow and we gear up to start our
Berries: California and Arizona desert regions around the first of May.
Blackberries
ESCALATED: Volume continues with lighter than expected Carrots
volume. Expect supply to start increasing through mid-April, We are seeing limited sizing in the fields in California so
and peak at the end of April and early May. Supply will start Jumbo supply is light. Carrot Sticks come from Jumbo’s,
coming down gradually through mid-May. so supply is light on sticks also. All other items have good
capacity.
Blueberries
The Mexican season will continue with stable volume into the
spring. Baja volumes will continue with stable and increasing
production and the Florida season is starting with low
volumes and will increase in mid-April. Georgia is on track to
start production within the next 2 weeks.
Raspberries
Raspberries are showing steady volume with some shippers
having slight increases. Quality is good.
Strawberries
ESCALATED: Volume continues to fall short of expectations,
pushing FOB prices higher as Northern California is slow to
get started from the rain and hail events a few weeks ago.
In addition, many shippers have finished for the season in
Mexico and Florida is having some condition challenges.
Current growing conditions are ideal, and fruit looks good,
but not be ready to harvest. We will see tight supplies
continue through the week of 4/12 but should start to see a
slow increase in supplies starting end of next week and into
the following week.
Bok Choy
Supplies are expected to be plentiful for the next three weeks.
4
market trends
WEek ending April 16, 2021
Produce (continued)
Cauliflower Cucumbers
Volume will be below budget again this week. Cooler than EAST: There are very few cucumbers in Florida this week due
normal temperatures continue to slow plant growth. to cooler weather over the past weekend. We’ll see more
production going into the weekend but won’t see a significant
Celery increase in volume for another week or so. There are some
Business is steady this week with good supplies for us and in new growing areas between South Florida and Plant City that
the industry. Quality is good and the market is steady. are slow to start but should also come into production soon.
FOBs are holding strong or are up slightly this week.
Cilantro WEST: The majority of Mexico’s cucumber production is
Supplies are expected to be plentiful for the next couple of transitioning from Sinaloa to Sonora, and eventually to Baja.
weeks. New fields are coming on slower than expected and the
Easter holiday put harvests behind, so supply has been
Corn short this week. However, we expect to see an increase in
WATCHLIST: Corn prices remain high as Homestead finishes Hermosillo’s production as we move into the weekend. This
up for the season and as we transition to new growing regions should maintain supply levels until Baja is into volume in a
affected by cold weather earlier in the year. We expect a firm few more weeks. One of our growers has already started in
market until we transition back to Georgia in May. In Nogales, Baja but volume is very light at this point. Fruit from the older
we continue to see lighter crossings and firmer fob prices on growing areas doesn’t have strong legs to travel, but new
bi, yellow, and white corn. crops have excellent quality. FOB’s are steady but elevated
this week.
Eggplant
EAST: Florida’s eggplant supply is a notch stronger this week
as more farms come into harvests, but overall availability
remains light. Although there are some hit or miss issues
(mostly scarring) from older fields, quality is better on the eggs
coming from newer plantings. Pricing is down slightly.
WEST: Good supplies are expected from the Culiacan area of
Mexico for the next few weeks. Many growers will go through
the month of May if FOB markets stay strong. The California
desert looks to get underway within the next few weeks while
the Fresno area is projected to get going sometime in early
June. FOBs are steady with last week.
English Cucumbers
Markets remain flat; however, volume has tightened with
cooler weather. Quality is great.
Fennel
Good supply will continue for the next couple of weeks.
Quality and sizing are nice.
Garlic
California garlic supplies will be very short for the balance of
the season until new crop gets started in Late June / Early
July.
Ginger
EXTREME: Ginger is very volatile due to very inconsistent
supply and the market is higher. Supply remains tight for the
foreseeable future.
5
market trends
WEek ending April 16, 2021
Produce (continued)
Grapes Lettuce:
Market is steady and we are starting to see some of the Butter
rained-on fruit arrive and there some lots that have a bad berry Steady volume and good quality. The market is steady.
here and there and others that are worse and will need to be
repacked on both colors. The East coast is getting a bunch of Green Leaf
fruit, and there is minimal space for repacking, there are some Good volume with very good quality.
deals to be had if you take some fruit with issues. We will be
battling this until we finish imports and start the Mexico and Red Leaf
Coachella Valley harvest around the first week of May. We will Good volume with good quality.
do our best to provide you with the best fruit we have available,
the greens will be the toughest and will start to command big Iceberg Lettuce
money for clean fruit that has not been repacked. There is also Supply and quality are good. The market has been steady to
a split market due to condition of the fruit on both colors. lower.
Green Cabbage Romaine/Romaine Hearts
Supplies are steady and quality remains good. Good supply and quality continue.
Red Cabbage
We have good supplies and quality remains consistent with
sizing and color.
Green Onions
Supplies are still a bit limited, but quality is good.
Honeydew
The market has strengthened and will keep strong for 2-3
weeks as Mexico is in a slight gap between growing regions
and the Guatemalan and Honduras volumes are lighter than
normal as well. The overall quality is good, and fruit has been
eating excellent with good internal color and clean cream to
green external color.
Jicama
Steady supply available crossing through McAllen.
Kale
Bunched Kale supplies are expected to be plentiful for the next
few weeks.
Lemons
Lemon market is keeping pretty strong as demand continues
to increase as more restaurants are opening throughout the
States and helping to move more fruit. We are picking in Dist. 1
(central Valley) and a little in Dist. 2 (Coastal region), the overall
quality has been good with good juice content and a firm piece
of fruit that is pretty strong. We anticipate the market to start to
strengthen around the end of April as we get closer to finishing
in Dist. 1 and will be dependent upon dist. 2 fruit until we see
imports around end of May first of June.
6
market trends
WEek ending April 16, 2021
Produce (continued)
Limes Onions
ACT OF GOD/FORCE MAJEURE: Limes continue to struggle FOB pricing on all colors and sizes has leveled off in all shipping
as we approach April, this past week we were down 250+ regions for the time being. While it appeared the market
loads from the normal 750-800 loads per week. Unfortunately, was moving up on all colors and sizes in the Northwest, a
we are starting to see a shift in sizing, leaning heavily to smaller combination of poor truck supply, as well as a lull in onion
sized fruit (200 to 230s), and expect to see this through most of demand has put a halt on any movement or increases.
April. We are anticipating a premium on larger sized fruit (175s Many growers still feel the market will experience a spike in
and larger) to continue while we expect markets on smaller April due to a delayed, and shortened Texas onion season.
sized fruit to fluctuate throughout April, then turn around once However, Northwest storage onions are at the tail end of their
again in May. season, and the majority of growers cannot afford to hold
The reports from Mexico are claiming this size issue is a result out for a higher market without risking high levels of shrink.
of two primary factors, the first being growers cutting ahead Availability on all colors and sizes remains plentiful in Texas on
of schedule to keep markets stable through March and now Mexican onions, with Texas onions continuing to ramp up their
will be harvesting from trees that will have less tonnage from availability as well. At this point, the market has not reacted
picking ahead, and also trees suffering from damage due to the to the freeze that took place last month and was expected to
cold weather earlier in the year. damage 30% or more of the crop. The possibility still exists that
the crop damage will begin to rear itself in the coming weeks,
Napa but at that point, we will likely begin to see the Imperial Valley,
Supplies are expected to be plentiful for the next three weeks. California begin shipping.
Oranges
Market strengthening on small sizes as that supply is dropping,
with good export demand and domestically continuing to see
better demand as well across the board. There are not big
inventories sitting around, market will start to strengthen as we
go forward and get into the late varieties. The overall quality of
the fruit is excellent and eating like candy, with excellent juice
content. We expect to continue with navels through May and
will probably start a few Valencia’s mid to late April.
Parsley (Bunched)
Supplies are expected to be plentiful for the next week.
Green Pepper
EAST: South Florida farms are harvesting mostly crown picks
this week, which has brought a larger portion of jumbo-sized
bells to the table. Older fields are producing mostly mediums
and choice fruit so the in-between XL sizing is on the shy side.
We’ll see Plant City and nearby areas get started over the next
10-14 days, which should increase volume and sizing choices.
Quality has been good, especially from the newer fields. FOBs
are steady.
WEST: Mainland Mexico growers are still churning out decent
volumes as harvests transition from Sinaloa to Sonora. They
should continue through April, barring any crop damage/
decline from heat. Meanwhile, the first California desert grower
has started in a light way. More growers are on tap to start
in 2-3 weeks, which is when the primary supply area will
transition. FOBs are steady.
7
market trends
WEek ending April 16, 2021
Produce (continued)
Jalapeños (Chiles) Snow Peas
EAST: South Florida’s crops are providing relatively steady, Tight volume. Good quality.
but light supply on most chili items. Plant City should start up
within the next 10-14 days, which will increase both supply Sugar Snap Peas
and the product mix. FOBs are mostly steady. Tight volume. Good quality.
WEST: Mexico’s chili pepper production has hit a slight
gap on select items as production transitions to new fields/ Spinach (Bunched)
areas. Jalapenos, habaneros and serranos are snug, but new Supply and quality are good. We may see some discoloration
jalapeno and serrano fields should start later this week. FOBs due to the weather.
are up sharply on jalapenos and serranos and slightly on most
other items. Spinach (Baby)
Supply and quality are good. We may see some discoloration
Red & Yellow Bell Peppers due to the weather.
EAST/WEST: Canadian production out of both western and
eastern growing areas is very good and a lack of post-holiday Spring Mix
demand has created promotional opportunities. Volume is Supply and quality are good. We may see some discoloration
good on all three colors, although orange is the most limited. due to the weather.
Canada’s fruit quality has been very nice with mostly XL and
2X sizing. In Nogales, some growers are weighing whether to
finish for the season earlier than normal due to poor market
conditions. Sizing is down with fewer jumbo and XL available
and quality can be less than stellar, especially on reds. FOBs
have fallen slightly on all colors from both growing areas.
Pineapple
Volumes on smaller sizes are available while the larger size
pineapples are still below normal volumes although they are
picking back up some.
Potatoes (Idaho)
The potato market continues to move upward due to
increased demand for foodservice. Burbanks, Norkotahs, and
White Russets continue to ship all at once. Quality remains
strong on all varieties. Larger size cartons continue to tighten
up throughout the state on all varieties. Demand for small
potatoes remains strong due to the USDA Farmers to Families
Box Program. However, since growers remain in smaller lots,
the strong demand on small potatoes has not been enough
to keep sheds cleaned up. Additionally, as more growers
transition from Burbanks to Norkotahs, we are seeing heavier
inventories of smaller sizes as burbanks do not generate the
same level of large size cartons as Norkotahs. We expect this
trend to continue as more Norkotah shippers migrate over to
Burbanks. Demand continues to increase, and we anticipate
this to continue in the coming week. Warmer temperatures
to come will also help demand increase as we move toward
spring and summer. Other russet growing regions will finish
shipping in the coming weeks, so there will be less overall
supply in the market. This will help increase FOB pricing.
8
market trends
WEek ending April 16, 2021
Produce (continued)
Squash: Yellow and Zucchini Grape and Cherry Tomatoes
EAST: South Florida squash crops are in a bit of a lull this There are still grapes available in the southern part of the
week as they are past a flush and cool Easter weekend state, but the majority of grape and cherry production has
weather slowed things down a bit. Plant City has started in a transitioned up to Ruskin/Palmetto area. Volumes are steady
light way, with more volume to come over the next few weeks and quality is nice. Cherry tomato production is following the
as more growers get started. Quality has improved slightly on same pattern as grapes with improved packouts and quality.
yellows as more new crop fruit gets into the system, and there Pricing has dropped slightly on cherries and grapes.
haven’t been any major issues with zucchini. FOBs are up
slightly, as this week’s supply has lightened up a bit. WEST/MEXICO
WEST: As the last of the southern fields from Mexico get
finished up this week we can fully concentrate on better quality Rounds
with increasing volumes from the newer northern fields of West Mexico continues to be the focal area of Western
Hermosillo. We expect to see great numbers for the next few production. Volume remains strong although sizing has
weeks and for supplies to continue from the northern area started to drop off with mid-range sizes becoming more
well into May, pending good weather. A few Baja growers prevalent. Eastern Mexico is also contributing to the cause
have gotten underway as well and will increase over the next with light to moderate volume as they wait on Spring acreage
couple of weeks. We are expecting to see some local crops in to start. FOBs remain at or just above minimum levels.
the Fresno area get started in early-mid May. FOBs are mostly
steady on yellows, but down slightly on zucchini. Romas
West Mexico’s volume has perked up this week as more
Sweet Potatoes Spring blocks in the north come into production and add
All new crop sweet potatoes are shipping now. All cured and to existing acreage. Supply is adequate and there are no
quality is good. major quality concerns to report. Baja is projected to start in
a light way over the next 7-10 days. FOBs remain just above
TOMATOES minimum levels.
EAST Grape and Cherry Tomatoes
Mexico is now seeing better volumes from the new Spring
Rounds acreage which seems to be getting the job done. Quality has
New crops, great yields, and excellent weather have brought been good, although there is some product with color as light
Florida round tomatoes on strong! The majority of Ruskin/ demand has backed up inventories. Cherry tomato availability
Palmetto growers have gotten started now and are seeing remains light, and quality is just fair. FOBs are down slightly on
good yields and quality. The only occasional issue this area is grapes but remain mostly steady on cherry tomatoes.
seeing so far is with shape. Estero area harvests have been
consistent and strong, even as we move into the last few Watermelons
weeks of production. The overall sizing profile is optimally WATCHLIST: Market became tighter this week and pricing
dispersed, with the strongest numbers for big fruit and ticked up on bins and cartons. Personal watermelons are in
adequate supplies of other sizes available. FOBs are down a demand exceeds supply condition, driving consumers to
slightly on the largest fruit but are steady on other options. buy standard seedless. Quality is good. We are starting to
see some light numbers out of Florida and expect volume by
Romas Mid-Aril.
Florida’s roma production is also strong with mostly jumbo and
XL sizing available this week. Yields have been very good, and
quality is strong. Look for Florida’s Spring supply to remain
consistent for the next few weeks as long as rain doesn’t
become a factor. FOBs are steady.
9
market trends
WEek ending April 16, 2021
Beef, Veal & Lamb
Last week’s cattle harvest fell sharply due to the holiday shortened weekend, with the initial estimate coming in at 609k
head. Last week’s USDA beef cutouts were well supported, and the smaller kills heading into April will likely underpin beef
prices (at least a bit) into mid-month. The middle meats continue to drive the bulk of the beef cutout increases, with all
styles of ribs, as well as the PSMO tenderloins and strips and short loins also contributing. Beef 50’s prices, as well, have
started to head higher, and, despite remaining well below seasonal expectations, the price risk remains to the upside into
the early summer.
Description Market Trend Supplies Price vs. Last Year
Live Cattle (Steer) Increasing Good Higher
Feeder Cattle Index (CME) Increasing Good Higher
Ground Beef 81/19 Increasing Good Lower
Ground Chuck Increasing Good Lower
109 Export Rib (ch) Increasing Good Higher
109 Export Rib (pr) Decreasing Good Higher
112a Ribeye (ch) Increasing Good Higher
112a Ribeye (pr) Increasing Good Higher
114a Chuck, Shlder Cld(ch) Increasing Good Lower
116 Chuck (sel) Increasing Good Lower
116 Chuck (ch) Increasing Good Lower
116b Chuck Tender (ch) Increasing Good Lower
120 Brisket (ch) Increasing Good Higher
120a Brisket (ch) Increasing Good Higher
121c Outside Skirt (ch/sel) Increasing Good Higher
121d Inside Skirt (ch/sel) Increasing Good Higher
121e Cap & Wedge Increasing Good Higher
167a Knckle, Trimmed (ch) Increasing Good Lower
168 Inside Round (ch) Increasing Good Lower
169 Top Round (ch) Increasing Good Lower
171b Outside Round (ch) Increasing Good Lower
174 Short Loin (ch 0x1) Increasing Good Higher
174 Short Loin (pr 2x3) Increasing Good Higher
180 0x1 Strip (ch) Increasing Good Higher
180 0x1 Strip (pr) Increasing Good Higher
184 Top Butt, boneless (ch) Increasing Good Higher
184 Top Butt, boneless (pr) Increasing Good Lower
184-3 Top Butt, bnls (ch) Increasing Good Higher
185a Sirloin Flap (ch) Increasing Good Higher
185c Loin, Tri-Tip (ch) Increasing Good Lower
189a Tender (sel, 5 lb & up) Increasing Good Higher
189a Tender (ch, 5 lb &up) Increasing Good Higher
189a Tender (pr, heavy) Increasing Good Higher
193 Flank Steak (ch) Increasing Good Higher
50% Trimmings Increasing Good Higher
65% Trimmings Increasing Good Lower
75% Trimmings Decreasing Good Lower
85% Trimmings Increasing Good Lower
90% Trimmings Increasing Good Lower
90% Imported Beef (frz) Increasing Good Higher
95% Imported Beef (frz) Increasing Good Higher
Veal Rack (Hotel 7 rib) Steady Good Higher
Veal Top Round (cap off) Steady Good Lower
10market trends
WEek ending April 16, 2021
Grains
Last week, the USDA released their first farmer surveyed 2021 acreage numbers for U.S. corn, soybeans and wheat with
both the corn and soybean plantings coming in below expectations. When these new acreage numbers are factored, it
points to very tight feed supplies into 2022. This should be supportive of grain prices in the near term.
Description Market Trend Supplies Price vs. Last Year
Soybeans, bushel Increasing Good Higher
Crude Soybean Oil, lb Decreasing Good Higher
Soybean Meal, ton Increasing Good Higher
Corn, bushel Increasing Good Higher
Crude Corn Oil, lb Steady Good Steady
High Fructose Corn Syrup Increasing Good Higher
Distillers Grain, Dry Steady Good Steady
Crude Palm Oil, lb BMD Decreasing Good Higher
HRW Wheat, bushel Increasing Good Higher
DNS Wheat 14%, bushel Increasing Good Higher
Durum Wheat, bushel Increasing Good Higher
Pinto Beans, lb Steady Good Lower
Black Beans, lb Steady Good Steady
Rice, Long Grain, lb Steady Good Higher
Dairy
Last week spot butter prices were up (w/w) and the highest in 10 months. U.S. butter production in February was down 1.3%
(y/y) and was 11.4% smaller (m/m). Last week spot cheese block and barrel prices finished the highest in ten business days. Do-
mestic cheese output in February was up 1.1% (y/y) but down 8.1% (m/m). Despite a usual lower seasonal trend for the cheese
and butter markets in April, this year counter seasonal strength is occurring as food service activity increases and retail demand
remains strong. Cheese and butter prices look ready to continue upward at least in the near term.
Description Market Trend Supplies Price vs. Last Year
Cheese Barrels (CME) Increasing Good Higher
Cheese Blocks (CME) Increasing Good Higher
American Cheese Decreasing Good Higher
Cheddar Cheese (40 lb) Decreasing Good Higher
Mozzarella Cheese Decreasing Good Higher
Monterey Jack Cheese Decreasing Good Lower
Parmesan Cheese Decreasing Good Higher
Butter (CME) Increasing Good Higher
Nonfat Dry Milk Decreasing Good Higher
Whey, Dry Increasing Good Higher
Class 1 Base Steady Good Lower
Class II Cream, heavy Increasing Good Higher
Class III Milk (CME) Increasing Good Higher
Class IV Milk (CME) Increasing Good Higher
11market trends
WEek ending April 16, 2021
Pork
Last week’s pork production schedules fell off into the holiday weekend, with the industry moving a modest 536.9 million
pounds of pork throughout the week. The USDA pork cutout remains well supported on lackluster slaughter and aggressive
demand from both the domestic and international marketplaces. The pork bellies, as well as the pork 42s remain stubbornly
inflated and may remain so heading deeper into the spring. Still, anticipate a break back below the $1.00 per lb. mark on the
42s fat trim, but belly prices are likely to remain strong.
Description Market Trend Supplies Price vs. Last Year
Live Hogs Increasing Good Higher
Sow Increasing Good Higher
Belly (bacon) Increasing Good Higher
Sparerib(4.25 lb & down) Increasing Good Higher
Ham (20-23 lb) Increasing Good Higher
Ham (23-27 lb) Increasing Good Higher
Loin (bone in) Increasing Good Lower
Babyback Rib (1.75 lb & up) Increasing Good Higher
Tenderloin (1.25 lb) Increasing Good Higher
Boston Butt, untrmd (4-8 lb) Increasing Good Higher
Picnic, untrmd Decreasing Good Higher
SS Picnic, smoker trm box Increasing Good Higher
42% Trimmings Decreasing Good Higher
72% Trimmings Increasing Good Higher
12market trends
WEek ending April 16, 2021
Poultry
Weekly chicken slaughter for the week ending March 27th faded from the week prior and fell 2.1% below year ago levels.
Last year at this time, the market was on the front end of the COVID slowdowns, so year-over-year slaughter comparisons
are likely to show record levels into April. Still, despite broiler production running at or near record levels, wholesale prices
continue to firm as interest, both domestic and international remains robust. Seasonally, prices across the chicken breast and
tender markets should remain supported going into the summer grilling season but the wing markets should begin to fade.
But wing prices will likely remain high for now before that seasonal weakness.
Description Market Trend Supplies Price vs. Last Year
Whole Birds WOG-Nat Increasing Good Higher
Wings (jumbo cut) Increasing Good Higher
Wing Index (ARA) Increasing Good Higher
Breast, Bnless Skinless NE Increasing Good Higher
Breast, Bnless Skinless SE Increasing Good Higher
Breast Boneless Index (ARA) Increasing Good Higher
Tenderloin Index (ARA) Increasing Good Higher
Legs (whole) Increasing Good Lower
Leg Quarter Index (ARA) Decreasing Good Higher
Thighs, Bone In Decreasing Good Lower
Thighs, Boneless Increasing Good Higher
Description Market Trend Supplies Price vs. Last Year
Whole Turkey (8-16 lb) Increasing Good Higher
Turkey Breast, Bnls/Sknls Steady Good Higher
Eggs
Description Market Trend Supplies Price vs. Last Year
Large Eggs (dozen) Decreasing Good Lower
Medium Eggs (dozen) Decreasing Good Lower
Liquid Whole Eggs Decreasing Good Higher
Liquid Egg Whites Steady Good Higher
Liquid Egg Yolks Steady Good Steady
Egg Breaker Stock Central Decreasing Good Higher
13market trends
WEek ending April 16, 2021
Seafood
World snow crab supplies remain limited, and prices are inflated. The 2021 total allowable catch for the Newfoundland Labra-
dor region was announced last week at 38.2 thousand metric tons. This is 29% bigger than the previous year and a multi-year
high. This should help the world snow crab supply modestly however improving foodservice demand could temper any notable
price relief.
Description Market Trend Supplies Price vs. Last Year
Shrimp (16/20 frz) Steady Good Lower
Shrimp (61/70 frz) Steady Good Higher
Shrimp Tiger (26/30 frz) Steady Good Lower
Snow Crab, frz Steady Good Higher
Tilapia Filet, frz Steady Good Steady
Cod Filet, frz Steady Good Lower
Tuna Yellowfin, frsh Steady Good Steady
Salmon Atlantic Filet, frsh Steady Good Higher
Pollock Filet, Alaska, frz Steady Good Lower
14market trends
WEek ending April 16, 2021
Paper and Plastic Products
Description Market Trend Supplies Price vs. Last Year
WOOD PULP (PAPER)
NBSK- Paper napkin Steady Good Higher
42 lb. Linerboard-corrugated box Steady Good Higher
PLASTIC RESINS (PLASTIC, FOAM)
PS-CHH-utensils, cups, to-go cont. Steady Good Higher
PP-HIGP-heavy grade utensils Steady Good Higher
PE-LLD-can liners, film, bags Steady Good Higher
Retail Price Change from Prior Month
Description Feb-21 Jan-21 Dec-20
Beef and Veal Increasing Increasing Decreasing
Dairy Decreasing Decreasing Increasing
Pork Increasing Increasing Decreasing
Chicken Decreasing Decreasing Decreasing
Fresh Fish and Seafood Increasing Increasing Increasing
Fresh Fruits and Vegetables Decreasing Increasing Decreasing
Various Markets
Last week nearby domestic sugar futures were modestly lower (w/w) but still pricing near levels not seen in four years.
Drought conditions in parts of the West, including North Dakota is likely hampering pending sugar beet production. U.S. sug-
ar prices look poised to continue higher.
Description Market Trend Supplies Price vs. Last Year
Whole Peeled, Stand (6/10) Steady Good Higher
Tomato Paste-Industrial (lb) Steady Good Higher
Coffee lb ICE Decreasing Good Higher
Sugar lb ICE Decreasing Good Higher
Cocoa mt ICE Decreasing Good Higher
Orange Juice lb ICE Decreasing Good Higher
Honey (clover) lb Decreasing Good Higher
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