Market trends For week ending December 31, 2021 - Performance ...
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market trends For week ending December 31, 2021
market trends
WEek ending December 31, 2021
Produce
Market Overview
The avocado market has been more active this week despite MARKET ALERT
steady volume crossing the border. We still see a strong size • Avocados (48’s and Larger) – ESCALATED
curve leaning to mid and smaller sizes while we continue to see
• Bananas – ESCALATED
firmer availability of larger-sized fruit. We continue to see stable
weather and favorable growing conditions that have helped the • Brussel Sprouts – ESCALATED
entire veg category along. Tomato markets are in great shape • Carrots (Jumbo) – ESCALATED
with promotable volume available. Eggplant, soft squash and
• Chili Peppers (Poblanos) – ESCALATED
cucumbers are also in great supply with promotable volume
available out of South Florida and Mexico. • Corn - ESCALATED
Poblano peppers are escalated while other chili varieties are • Garlic – EXTREME
improving. The lime market is tight and expected to remain firm • Ginger – EXTREME
through the first of the year. The weather in Yuma has been ideal • Grapes - ESCALATED
for growing so quality is strong. There have been a few mornings
• Lettuce (Romaine Hearts) – ESCALATED
in some fields with lettuce ice and although this has not been a
hard freeze, we could still see light peel in many items. • Limes - ESCALATED
The desert had a very heavy freeze today. Crews were unable • Melon (Cantaloupe & Honeydew) – ESCALATED
to start harvesting in many fields until 10 AM Pacific time. This • Mushrooms - EXTREME
freeze will have an effect on all leafy greens going forward. We are • Pineapples – ESCALATED
expecting another heavy freeze tomorrow as well.
Iceberg was hit hard by the freeze. We will have blister and
discolored blister very soon. Expect mainly packer brand for the WATCH LIST
next few weeks at the least. • Green Onions
Romaine is up and down dealing with sizing and mildew. The • Romaine 24ct
blister from the freeze will become an issue soon keeping us out • Sugar Snap and Snow Peas
of brand.
Green Leaf is looking good in most lots. Some lots are ribby
to the point of heavy mechanical damage. Again, mildew is a Chopped romaine is really challenging, especially from
concern going forward as well as blister. Taylor Farms due to mildew. We are also dealing with
Processed items are a bit up and down with quality. The mildew some heavy bruising due to dark green color and lack of
is really having an effect on some leafy items. Keep a close eye heart material.
on inbound processed items. Blister can become an issue, but Iceberg blends are looking okay with some lots dealing
most should be trimmed away. with tip burn
Broccoli florets are looking good with minimal defects
Arcadian/Tuscan is looking very nice with very little
damage.
Spinach is lot to lot with some mechanical damage
I am adding pictures of ice damage on iceberg from this
morning as well as processed items and broccoli crowns.
Apples & Pears
West coast new crop apples are being packed; however
small sizes remain tight. Washington exports a substantial
amount to Mexico which has driven the price up over the
last few weeks on many varieties. East coast apples are
available as well. Market price remains firm on small fruit
as local schools take most of the volume.
2
market trends
WEek ending December 31, 2021
Produce (continued)
Yuma, AZ Forecast
Pears Blueberries
This year’s pear crop was down significantly, with mostly larger Central Mexico production is expected to continue to increase
fruit available. Growers are trying to drag out supply as best as moving forward. Baja production will continue with a low
possible until the new crop starts next August. steady volume for the rest of the year. Peru production will
continue to be steady for the next few weeks. Quality is good.
Artichokes
Good supply available although 30’s is light. Quality is excellent Raspberries
and prices are steady on all sizes. Volume will remain low as we approach the end of the year.
Thereafter volume is expected to increase each week as new
Arugula plantings approach their peak at the beginning of the year.
Supplies and quality are good this week. Production volume will be primarily out of Mexico.
Strawberries
Asparagus
We expect overall volume to decrease next week due to
Marginal quality from Peru, rain in Mexico and increased
forecasted rain. The weather forecast calls for upwards of
demand for the holidays has the market on the upswing.
2” of rain in Santa Maria and Oxnard next week. The rain will
occur in two events, one at the start of the week, and one
Avocados
later next week. Florida and Mexico volume continues to
ESCALATED (48’s and Larger) Market pricing remains mostly
increase and is projected to continue to do so in the coming
steady this week and crossings are expected to be the same
weeks, however, their upticks will not be sufficient to offset the
through the second week of the month. Larger-sized fruit
decreases out of California next week.
remains light on supply, but strong to 70s and smaller. The
flavor profile and Oil content is normal for this time of year and
Bok Choy
will improve as the season progresses. We are beginning to
Bok Choy volume is expected to be plentiful for the next two
see a shift in the size curve to larger fruit, prices will firm up
weeks.
on smaller sized fruit as we approach the Christmas Holiday.
Overall demand remains strong in food service while retail dips
pre-Christmas and New Year’s pull.
Bananas
ESCALATED Banana quality and availability are good at this
point, however, the cost to get bananas is up.
Beans
Good supply available this week out of South Florida as well as
crossing through Nogales.
Berries:
Blackberries
Lower volume than expected this week due to cool
temperatures. We expect volume in the weeks ahead to remain
stable. Mexico will be responsible for most of our supply.
3
market trends
WEek ending December 31, 2021
Produce (continued)
Broccoli Eggplant
Supplies are good this week. Excellent supply available out of South Florida as well as
crossing through Nogales. Quality is very nice.
Brussels Sprouts
Total sprout volume remains below normal budget for the English Cucumbers
coming week, but we should see relatively improved numbers Supply and quality are good.
compared to recent weeks. Holiday demand is strong, and
the market is advancing. The VA sprout category is still Fennel
compromised for the near term but looks to improve as the Volume is lower this week. Expect the market to remain high.
week progress. Quality and yields have improved. Sizing remains on the smaller side.
Cantaloupe Garlic
We have finished the Domestic fruit and have started to Garlic supply for domestic supply is also very tight. Shippers
receive offshore fruit here on the west coast as well as the are holding to averages. The volatile market will continue
east coast. The offshore looks strong and with a green to through next Summer.
cream cast and descent internal color, sugars are good to
fair. Market is strong with very good demand especially on Ginger
the larger fruit as the first of the offshore is on the smaller EXTREME Ginger is very volatile due to very inconsistent
side. There is some Mexico product also crossing which supply and market is higher. Supply remains tight for the
quality does look really good at this point Volumes will start to foreseeable future.
increase over the next 2-3 weeks and hopefully the ports will
keep unloading them as volume increase and the market will
ease a bit by the first of the year.
Carrots
ESCALATED Shippers are still struggling with jumbos due to
labor (these are hand-pack items). Due to the unprecedented
weekly volume needed for new snack pack options for school
and community programs we continue to struggle with supply
and demand. Pricing is increasing.
Cauliflower
Supplies are expected to be plentiful for the next two weeks.
Celery
Business is good as demand with sales for the Christmas
holiday. Lighter supplies for us as there are still good supplies
on the west coast. Quality is good and the market is better.
Mexico and Oxnard have started.
Cilantro
Cilantro volume is expected to be plentiful for the next two
weeks.
Corn
ESCALATED Corn will remain limited out of Florida, some light
crossings through Nogales were available this week. Quality is
mixed, and FOB prices remain high and do not expect to see
any relief until Mid-January.
Cucumbers
Good supply available out of Florida, Nogales, and McAllen.
4
market trends
WEek ending December 31, 2021
Produce (continued)
Grapes Green Onions
DEMAND FAR EXCEEDS SUPPLY – We are finished with Quality is good this week. Market is extremely active due
our Domestic fruit and will eventually be receiving Imports. to supply shortage with many growers in northern Mexico
There are some Peruvian arriving on the East Coast, but very because of the extremely hot weather and high humidity the
minimal volumes, nothing arriving on the west coast at this past two months.
time. There is plenty of fruit in Peru that growers are wanting
to load, but they are waiting on Containers to make it back to Honeydew
the ports in Peru, from the East Coast and as we all know the We are finished with domestic product and dependent on the
ports are very slow to unload. The west coast first arrivals are Mexico fruit, some light offshore volumes arriving. The Mexico
due 1/07/22—and then the next arrival to the west coast is for fruit is looking very good and all sizes available, nice clean
1/15/22—we are expecting market to keep very strong until cast and excellent internal color and sugars as we have had
first of February, and these dates could get pushed back more warmer than normal temperatures out west which have helped
depending if they get loaded in Chile on time and the Ship keep quality very nice. We expect the market to keep steady
sails as scheduled. We are holding some fruit back to try and for another month or so and then possibly ease depending on
cover your orders until we see the imports. the offshore volumes.
Green Cabbage Jicama
Supply is good. Quality remains consistent with sizing and Steady supply available crossing through McAllen.
overall appearance.
Kale (Green)
Red Cabbage Bunched Kale supplies are expected to be plentiful for the next
Supply is good. Quality remains consistent with sizing and few weeks.
overall appearance.
Lemons
Market steady as we are packing fruit from Dist. 1 (central
valley) and Dist. 3 (Desert) the colder temperatures that are
forecasted will also help on quality and bring on color so we
should be done gassing this week and packing al natural
color. There are still Chilean lemons around and some are still
coming in off the Vessels that have been stuck here at the
port, which is causing a split market.
Lettuce:
Butter
Overall volume and quality look good this week.
Green Leaf
Production in Holtville is good. Quality in the desert is also
good with a good green color, good texture, but lower in
weight. Demand is good, and pricing remains steady.
Iceberg
Supplies are right on budget for this week. Demand and
quality have been very good. The market is still trying to find
the right selling point. The forecasted market for this week is
steady to slightly higher due to demand for the holiday and
some cooler weather predicted.
Red Leaf
Good volume with good quality, the market is steady.
5
market trends
WEek ending December 31, 2021
Produce (continued)
Romaine/Romaine Hearts Napa
Romaine and Romaine Heart production supplies are Volume is expected to be plentiful for the next two weeks.
beginning to trend below budget. We are experiencing some
quality issues at the field level ultimately reducing yields. Onions
Plants that are healthy are exhibiting good color, texture, and The Northwest continues to ship a smaller size profile, with
quality overall. We will continue to be subject to occasional limited Colossal and Super Colossals. The market continues
fringe burn and lighter weights. Overall demand is steady, with to stay strong on yellow jumbos and larger, and all sizes of
slightly better movement on Romaine Hearts. We started to reds and whites. Generally speaking, we begin to see the
harvest Romaine in Holtville for the winter. market take another increase this time of year and into the
new year. All signs are pointing to that taking place again
Limes as demand has picked up, and as growers get further into
ESCALATED We will continue to see lighter crossings and fair their storages, they continue to realize just how short their
quality through the holidays. supply situation is. Typically, Mexican onions begin crossing
in January, and depending on what type of quality and
Mushrooms volumes cross, can drastically change the supply situation,
EXTREME Quality is good, although supply is extremely and pressure pricing down. Because of that, we do not
short, and market is higher primarily due to a lack of labor and anticipate the Mexican product will provide much downward
shortages in component of growing such as peat moss. We pressure this season on the domestic onion supply. In fact,
do expect this trend to continue through the first of the year. we may see it further move upward because of this. Red
Suppliers are pro-rating customer orders up to 50% just to onion supply is expected to be much shorter than yellows
ensure even availability to their customer base. as we really will not see an influx of new red supply until
we get to California in May. Labor shortages are continuing
to present production challenges in Idaho, Oregon, and
Washington, particularly on heavy volumes of consumer
packed onions. Freight continues to be challenging out of
all onion growing regions.
Oranges
We are experiencing some good rain and the forecast is for
more rain through next week, we welcome all we can get for
sure. Market is keeping pretty steady, and we will see how
these storms stack up, but we could see things get a little tight
we will keep you posted. We are unable to pick fruit wet as it
will break the rind cells and then you gas the fruit to bring on
the color those rind cells that are damaged will start to break
down 4-5 days later and you will see brown rot and clear rot
start. We are also forecasted for colder temperatures which is
also a blessing for fruit quality and bringing on the color. The
fruit is eating good, testing about 11.00—12.00, which is very
good for this time of year. We are about 15% lighter than last
year but should have plenty of supplies through the year.
Specialty Citrus
We have the following varieties rolling now, please let us know
if you have any interest in any of these. Pummelos, Meyer
Lemons, Cara Caras, Oroblancos, Satsuma Mandarins,
Clementine’s and we will start Blood Oranges next week.
Parsley (Bunched)
Parsley supplies are expected to be plentiful for the next two
weeks.
6
market trends
WEek ending December 31, 2021
Produce (continued)
Green Pepper Sugar Snap Peas
Great supply out of Florida as well as Mexico on all sizes and WATCHLIST Steady/low volume, fair quality, and a steady
packs. Quality is outstanding. increase in demand.
Jalapeños (Chiles) Spinach (Bunched)
ESCALATED Quality is outstanding as we ramp up production Supply and quality are fair this week.
out of Florida. In McAllen, supply will remain tight on Poblanos
while we are seeing a tremendous improvement on availability Spinach (Baby)
on all other varieties. Good supply is also available crossing Supply and quality are fair this week.
through Nogales.
Spring Mix
Red & Yellow Bell Peppers Supply and quality are fair this week.
Canada is now done for the season, good supply crossing
through Texas and should ramp up out of Nogales this week. Squash: Yellow and Zucchini
We are seeing a good supply of reds and suntan’s out of Excellent supply available out of Florida as well as Nogales.
South Florida. Quality remains good. Quality is outstanding.
Pineapple Sweet Potatoes and Yams
ESCALATED Pineapple volume will tighten through the month Sweet Potato harvest is pretty well done for all growers. There
of December and most likely will not see any improvement are some growers shipping new crop potatoes and others
until after the first of the year. We are already experiencing a will be a 3 to 4 weeks of cure time for the new crop and there
higher cost to go to market. Quality and taste profile are great. seems to be enough old crop Sweets to gap until new crop
finishes curing.
Potatoes (Idaho)
The potato market has stabilized on all sizes at the moment.
It appears to be a bit of a mixed profile depending on the
different growers around the state. Some are in a larger size
profile, whereas some are heavier to smaller potatoes. Overall,
the market has remained relatively ‘flat’ in terms of pricing
this month. We anticipate that will remain the cast for the
next two weeks over the holidays. Once we get into the new
year and Norkotah supply begins to dwindle, we anticipate
the market will take another increase. Heightened processor
demand continues to put pressure on the fresh crop as they
are offering record prices for bulk product. Growers are then
faced with a difficult decision about whether to sell their crop
to processors or support the fresh market. The only way the
fresh market will keep up, is if returns back to the farms are
comparable to what they are being offered. The heat this past
summer is still believed to have affected the Burbanks more
than the Norkotahs, so we are not very optimistic of relief until
likely next year’s crop. Unfortunately, we are not in a situation
where we can make up the Idaho shortfall with supply from
other growing regions, as Washington experienced similar
growing conditions, and they are up against the same
challenges related to low yields. The concern surrounding
trucks continues to be elevated as rates these past few weeks
have continued to increase.
Snow Peas
WATCHLIST Steady/low volume, fair quality, and a steady
increase in demand.
7
market trends
WEek ending December 31, 2021
Produce (continued)
TOMATOES - EAST TOMATOES - WEST/MEXICO
Rounds Rounds
In Florida, we are seeing optimal growing conditions and Good supply and quality available crossing through all borders.
volume continues to improve. Overall quality is very nice on
rounds. Romas
Good supply and quality available crossing through all borders.
Romas
In Florida we are seeing optimal growing conditions and Grape & Cherry Tomatoes
volume continues to improve. Overall quality is very nice on Good volume and quality available crossing through Nogales
romas. and McAllen.
Grape & Cherry Tomatoes Watermelons
Good supply and excellent quality are available. Lighter supply available this week crossing through Nogales.
Demand is flat and quality is marginal.
8
market trends
WEek ending December 31, 2021
Beef, Veal & Lamb
Last week, domestic beef production was 1.4% smaller (w/w) but was a modest 0.1% larger (y/y). Year-to-date beef output
is 2.4% better than 2020. However, 2022 beef production (per the USDA) is forecasted to be down 3.2% (y/y). This winter
and next year, the restaurant industry will surely be monitoring the costs of the lean and fattier beef trim markets, which are
currently the costliest for this time of year since 2014. In 12 of the last 13 years, 90% beef trim prices averaged 9.5% higher
in Q1 vs. the prior Q4. In nine of the last 13 years, 50% beef trim prices averaged 28.8 % higher in Q1 vs. the prior Q4. But, in
three of the four years when 50% beef trim averaged lower in Q1 compared to the prior Q4, prices averaged above $1.00/lb.
in Q4, which they will do this year. So, this hints that seasonal price gains for 50 % beef trim this winter could be tempered.
Description Market Trend Supplies Price vs. Last Year
Live Cattle (Steer) Decreasing Short Higher
Feeder Cattle Index (CME) Decreasing Steady Higher
Ground Beef 81/19 Increasing Steady-Available Higher
Ground Chuck Decreasing Steady-Available Higher
109 Export Rib (ch) Decreasing Available Lower
109 Export Rib (pr) Decreasing Steady Higher
112a Ribeye (ch) Decreasing Available Higher
112a Ribeye (pr) Increasing Steady Higher
114a Chuck, Shlder Cld(ch) Decreasing Available Higher
116 Chuck (sel) Decreasing Available Higher
116 Chuck (ch) Decreasing Available Higher
116b Chuck Tender (ch) Decreasing Steady Higher
120 Brisket (ch) Decreasing Steady-Short Higher
120a Brisket (ch) Decreasing Steady Higher
121c Outside Skirt (ch/sel) Increasing Available Higher
121d Inside Skirt (ch/sel) Decreasing Available Higher
121e Cap & Wedge Decreasing Steady Higher
167a Knckle, Trimmed (ch) Decreasing Available Higher
168 Inside Round (ch) Increasing Available Higher
169 Top Round (ch) Decreasing Available Higher
171b Outside Round (ch) Decreasing Available Higher
174 Short Loin (ch 0x1) Decreasing Available Higher
174 Short Loin (pr 2x3) Decreasing Available Higher
180 0x1 Strip (ch) Increasing Steady Higher
180 0x1 Strip (pr) Decreasing Available Higher
184 Top Butt, boneless (ch) Decreasing Available Higher
184 Top Butt, boneless (pr) Increasing Available Higher
184-3 Top Butt, bnls (ch) Increasing Available Higher
185a Sirloin Flap (ch) Increasing Steady Higher
185c Loin, Tri-Tip (ch) Decreasing Steady Higher
189a Tender (sel, 5 lb & up) Decreasing Steady-Available Higher
189a Tender (ch, 5 lb &up) Decreasing Available Higher
189a Tender (pr, heavy) Increasing Steady Higher
193 Flank Steak (ch) Increasing Steady-Available Higher
50% Trimmings Increasing Steady Higher
65% Trimmings Decreasing Available Higher
75% Trimmings Decreasing Available Higher
85% Trimmings Decreasing Available Higher
90% Trimmings Decreasing Available Higher
90% Imported Beef (frz) Decreasing Short Higher
95% Imported Beef (frz) Decreasing Steady-Short Higher
Veal Rack (Hotel 7 rib) Steady Short Higher
Veal Top Round (cap off) Steady Short Higher
9
market trends
WEek ending December 31, 2021
Grains
The grain markets ended last week mostly firm (w/w), excluding soybean oil. Last week, nearby CME corn futures hit the
highest level since June but are still down 19.3% from the eight-year high ($7.352) set this past May. At one-point last week,
nearby CME soybean oil futures traded to the lowest level ($.511) since April but ended the week modestly higher (w/w).
And from price chart perspective, it’s possible that the $.511 low from last week for soybean oil market could be a bottom.
In the most recent WASDE report, rather tight corn, soybeans, and especially global wheat supplies are still the fundamental
scenario. Regarding wheat, the higher the protein content the bigger the (y/y) price increases. Current MN hard red spring
wheat prices are 92.2% higher than the combined 2019 and 2020 average. So unfortunately, expect flour costs to remain
inflated during the winter.
Description Market Trend Supplies Price vs. Last Year
Soybeans, bushel Increasing Steady-Short Higher
Crude Soybean Oil, lb Decreasing Available Higher
Soybean Meal, ton Increasing Short Lower
Corn, bushel Increasing Steady-Short Higher
Crude Corn Oil, lb Decreasing Steady-Available Higher
High Fructose Corn Syrup Increasing Short Higher
Distillers Grain, Dry Increasing Steady Lower
Crude Palm Oil, lb BMD Decreasing Available Higher
HRW Wheat, bushel Increasing Steady Higher
DNS Wheat 14%, bushel Increasing Steady-Short Higher
Durum Wheat, bushel Increasing Steady Higher
Pinto Beans, lb Steady Steady Higher
Black Beans, lb Increasing Short Higher
Rice, Long Grain, lb Decreasing Steady Lower
Dairy
Last week, the cheese markets were mixed (w/w), but cheese blocks achieved the highest weekly close since November 2020.
CME spot butter prices were higher (w/w) and established the highest weekly settlement since October 2019. On Friday, the
cheese block price premium over barrels was $0.2575. Strong holiday seasonal demand for cheese along with active exports
have supported prices lately. The quarterly pivot model suggests that by the end of the month, the cheese block market could
target $1.985. Butter demand is also seasonally strong, and U.S. prices are cheap globally, which is encouraging exports. The
CME spot butter market looks poised to remain counter-seasonally strong and may possibly hit $2.175 by the end of December.
Per the USDA, milk production gains for H2 2022 are expected to be a modest 0.08% over 2021. The nonfat-dry-milk market
will likely remain supported as well this winter.
Description Market Trend Supplies Price vs. Last Year
Cheese Barrels (CME) Decreasing Steady Higher
Cheese Blocks (CME) Increasing Short Higher
American Cheese Increasing Steady-Short Higher
Cheddar Cheese (40 lb) Decreasing Steady-Short Higher
Mozzarella Cheese Decreasing Steady-Short Higher
Monterey Jack Cheese Decreasing Steady-Short Higher
Parmesan Cheese Decreasing Steady-Short Higher
Butter (CME) Increasing Short Higher
Nonfat Dry Milk Increasing Short Higher
Whey, Dry Increasing Short Higher
Class 1 Base Steady Short Lower
Class II Cream, heavy Increasing Short Higher
Class III Milk (CME) Decreasing Steady-Short Higher
Class IV Milk (CME) Increasing Short Higher
10market trends
WEek ending December 31, 2021
Pork
Last week, U.S. pork production was 3.2% bigger (w/w) but was 3.2% smaller (y/y). Year-to-date pork output (as of last week)
was running 2.3% less than a year ago. Pork production estimates (per the USDA) for 2022 are a decrease of 0.5% (y/y).
The USDA pork cutout has declined notably since June (39.7%) and is currently priced 13.1% above the combined 2020
and 2019 price average. The pork trim markets, especially the 72% trim market, are pricing 14.4% cheaper than the 2020
average. Because 2022 pork production is expected to be down (y/y), it’s possible the current price environment for pork is
presenting some contracting opportunities. Since 2016, the 72% averaged 8.4% higher in Q1 compared to the previous Q4.
Description Market Trend Supplies Price vs. Last Year
Live Hogs Decreasing Steady Higher
Sow Decreasing Available Higher
Belly (bacon) Decreasing Steady-Available Higher
Sparerib(4.25 lb & down) Increasing Short Higher
Ham (20-23 lb) Decreasing Steady-Available Lower
Ham (23-27 lb) Increasing Steady Lower
Loin (bone in) Increasing Available Higher
Babyback Rib (1.75 lb & up) Increasing Steady-Available Higher
Tenderloin (1.25 lb) Increasing Available Higher
Boston Butt, untrmd (4-8 lb) Increasing Steady Higher
Picnic, untrmd Increasing Steady Higher
SS Picnic, smoker trm box Increasing Short Higher
42% Trimmings Decreasing Available Higher
72% Trimmings Decreasing Available Lower
11market trends
WEek ending December 31, 2021
Poultry
Last week, the USDA wholesale boneless skinless chicken breast markets were higher (w/w) and are the highest since October.
Wholesale chicken wing prices remained steady (w/w) and are priced just under $2.700/lb., the lowest since February but still
the most expensive for December since at least 2009. For the week ending Dec. 11, ready-to-cook chicken production was
up 0.3 % (w/w) and was 1.2% more than a year ago. Year-to-date broiler output (through 12/11) was running roughly 1.4%
behind 2020. Next year’s (’22) domestic chicken production is projected to be 1.7% more than 2021. Typically, boneless skinless
chicken breast prices appreciate during January (m/m). Wholesale chicken wing prices usually rise as well in January (m/m).
Large shell egg prices are increasing and are now the highest since April 2020.
Description Market Trend Supplies Price vs. Last Year
Whole Birds WOG-Nat Increasing Short Higher
Wings (jumbo cut) Decreasing Available Higher
Wing Index (ARA) Decreasing Available Higher
Breast, Bnless Skinless NE Increasing Short Higher
Breast, Bnless Skinless SE Increasing Short Higher
Breast Boneless Index (ARA) Increasing Short Higher
Tenderloin Index (ARA) Steady Steady-Available Higher
Legs (whole) Decreasing Steady-Available Lower
Leg Quarter Index (ARA) Increasing Steady Higher
Thighs, Bone In Increasing Steady Higher
Thighs, Boneless Increasing Available Higher
Description Market Trend Supplies Price vs. Last Year
Whole Turkey (8-16 lb) Decreasing Steady-Available Higher
Turkey Breast, Bnls/Sknls Increasing Short Higher
Eggs
Description Market Trend Supplies Price vs. Last Year
Large Eggs (dozen) Increasing Short Higher
Medium Eggs (dozen) Steady Short Higher
Liquid Whole Eggs Increasing Short Higher
Liquid Egg Whites Steady Steady-Short Lower
Liquid Egg Yolks Increasing Short Higher
Egg Breaker Stock Central Increasing Short Higher
12market trends
WEek ending December 31, 2021
Seafood
The seafood markets were steady last week, but current shrimp, snow crab, and salmon prices are running roughly 22%
higher than a year ago. Yet, cod fillet and pollock fillet prices are down 4.3% from last year. Total U.S. imports of seafood
products during October were up 7.8% (m/m) and were 8.6% larger than a year ago and the most for October on record.
Seafood demand, like the other meat proteins, remains strong. Since the U.S. imports roughly 90% of its seafood needs, the
pending value of the U.S. dollar will play a big role for prices in 2022. Expect the seafood markets to remain firm at least in the
near term, if not longer.
Description Market Trend Supplies Price vs. Last Year
Shrimp (16/20 frz) Steady Short Higher
Shrimp (61/70 frz) Steady Available Higher
Shrimp Tiger (26/30 frz) Steady Short Higher
Snow Crab, frz Steady Available Higher
Tilapia Filet, frz Steady Steady Higher
Cod Filet, frz Steady Available Lower
Tuna Yellowfin, frsh Steady Steady Higher
Salmon Atlantic Filet, frsh Steady Steady-Short Higher
Pollock Filet, Alaska, frz Steady Short Lower
13market trends
WEek ending December 31, 2021
Paper and Plastic Products
Description Market Trend Supplies Price vs. Last Year
WOOD PULP (PAPER)
NBSK- Paper napkin Increasing Short Higher
42 lb. Linerboard-corrugated box Decreasing Steady-Available Higher
PLASTIC RESINS (PLASTIC, FOAM)
PS-CHH-utensils, cups, to-go cont. Steady Steady-Short Higher
PP-HIGP-heavy grade utensils Steady Available Higher
PE-LLD-can liners, film, bags Steady Available Higher
Retail Price Change from Prior Month
Description Oct-21 Sep-21 Aug-21
Beef and Veal Increasing Increasing Increasing
Dairy Decreasing Increasing Increasing
Pork Increasing Increasing Increasing
Chicken Increasing Increasing Increasing
Fresh Fish and Seafood Decreasing Increasing Increasing
Fresh Fruits and Vegetables Increasing Increasing Increasing
Various Markets
The softs markets were mixed last week (w/w) with Arabica coffee, orange juice, and cocoa futures finishing higher. The
biggest softs mover this past year (and currently) is by far Arabica coffee with nearby futures still within striking distance
of the 10-year high ($2.503) set earlier this month. Challenging weather conditions have hampered both coffee and sugar
production in Brazil, which is still supporting those respective markets.
Description Increasing Supplies Price vs. Last Year
Whole Peeled, Stand (6/10) Increasing Short Higher
Tomato Paste-Industrial (lb) Increasing Short Higher
Coffee lb ICE Decreasing Short Higher
Sugar lb ICE Increasing Steady-Available Higher
Cocoa mt ICE Increasing Steady Lower
Orange Juice lb ICE Steady Short Higher
Honey (clover) lb Steady Steady-Short Higher
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