MARKET TRENDS FOR WEEK ENDING JULY 17, 2020 - PERFORMANCE FOODSERVICE
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market trends For week ending JuLy 17, 2020
market trends
WEek ending July 17, 2020
Produce
Market Overview
There are some very active markets due to short supply on MARKET ALERT
many items including Brussel sprouts and romaine hearts. The • Brussel Sprouts – ESCALATED
Salinas Valley growing region has experienced adverse weather • Cantaloupe - ESCALATED
variances during the months of April and May. Hotter than normal • Carrots (Value Added) – EXTREME
temperatures, high humidity, and late spring rain has adversely • Garlic – EXTREME
affected many crops. Therefore, this has been a very challenging • Ginger- EXTREME
growing period. As a result, we are currently experiencing reduced • Peppers (Green) – EXTREME
yields, weights, and supply gaps on romaine crop. Garlic and • Peppers (Red and Yellow) - ESCALATED
ginger, value-added carrots continue to remain EXTREME. Green • Romaine Hearts – ESCALATED
Bell peppers remain short nationwide and are also EXTREME. • Tomato – Roma, Cherry and Grape (East Coast) –
Cauliflower and Zucchini are good buys. ESCALATED
The weather is cooler than what was expected for this week. We WATCH LIST
are seeing temps in the low to mid 70’s in Salinas with nice cool • BCelery
nights and mornings. Which is helping with quality especially iceberg • Green Beans
quality. But with the lower temps we have had strong wind which • Melons (Honeydew and Watermelon)
is causing issues with romaine and tender leaf items. The wind has • Mushrooms
caused wind burn, fringe burn, dehydration and dirty/dusty product. • Strawberries
Expect to see those issues for the next week or so. • Tomatoes-East Coast Rounds
Processed items are really up and down with quality. Iceberg salads
are looking much better and should hold up better. But iceberg Broccoli and cauliflower are not showing as much issues and
blends with romaine may have some burn from the wind damage. quality has been good.
Spring mix is okay with an occasional component dealing with the
damage as well. Herbs are showing some issues as you will see in With all of that said please continue to look at all inbound
the attached picture of cilantro. This lot in the picture was showing items as lots will vary and keep a close eye on shelf life.
decay and was rejected. We are keeping a close eye on items and
will be going packer brand if we see it does not meet specification. I am attaching pictures of processed items from Taylor Farms
and True Leaf.
SALINAS FORECAST
2
market trends
WEek ending July 17, 2020
Produce (continued)
Apples & Pears Beans
There is good supply on new crop fruit out of all major EAST: Eastern bean availability has improved significantly
domestic growing areas. The Granny Smith market for since last week. VA’s crops have finally kicked in gear, both TN
foodservice will remain tight due to a shift in sizes; there is and IN have started, and there are even a few beans showing
lighter than normal crop on 100s. Quality is very nice across all up in MI. Quality has been good from all areas so far. FOBs
varieties. are steady with the same time last week.
Asian pear supply is available. Chilean & Argentine Bartlett WEST: Western supply has also improved. Our Baja farms
Pears in LA. are seeing stronger harvests as they get further into the
season. Brentwood and the Watsonville /Salinas areas are
Artichokes both back in production with adequate supplies. There are
Good supply available this week. Quality is good. Prices are also steady numbers from Fresno and Santa Maria. As more
steady. product becomes available, FOBs are declining
Arugula Berries:
Supplies and quality are good. Blackberries
We are seeing a faster decline from California regions and
Asparagus North Carolina which is resulting in shorter supply than
Supply is improving and the market is trending downward. expected. Supply with be low for the next 2-3weeks before
Quality is good. ramping up in late July. Good quality out of Oxnard.
Avocados Blueberries
Industry is coming out of 4th of July promotions with elevated Central California production is finished for the season. The
inventories. The domestic inventory is currently over 65mil PNW season started last week and will increase rapidly. The
LBS. There will be a reduction of harvest volumes from NJ season will peak next week. Baja will continue to have low
both MX and CA this week. MX is in the final stages of volume for the next two months. Good flavor and appearance
harvesting the end of the current crop. Size curve yielding out of Oxnard.
a high percentage of 48ct and larger. Size curve likely to be
stronger on the smaller sizes with Flora Loca’s release the
2nd week of July. Peruvian arrivals are primarily headed to
large retail outlets. 16-18 mil lbs are arriving weekly. Arrivals
are strongest on the larger sizes. The European Market is
at capacity; shippers may reroute additional volume to the
US. Retail continues to drive sales. Avocados are currently
competing with summer fruits for display space. Bagged
programs continue to over perform. Foodservice remains
difficult to forecast with some regions experiencing growth.
CA and Peruvian volumes have a small percentage of #2s.
Industry is likely to ship #1s as #2s to fulfill commitments.
This will place additional pressure on smaller sizes that are
not readily available. Expect this to continue until Mexico’s
next crop arrives in volume towards the end of July. Market
remains volatile with multiple countries of origin available
domestically. The gap in price between small and large fruit is
shrinking. #2 availability will likely continue to be an issue.
Bananas
Overall quality of conventional bananas is good. Plenty of
volume available.
3
market trends
WEek ending July 17, 2020
Produce (continued)
Raspberries Cauliflower
We continue to see peak volume and expect supply to start Supply is improving and the market is starting to trend
declining next week and it will continue to decline each week downward. Quality is good.
until it picks back up in September. Good overall quality.
Celery
Strawberries WATCHLIST Less supply available in the industry. The market
WATCHLIST We expect supply to steadily decrease going is higher this week.
forward. Quality is good with some bruising but available
supply is very short. Cilantro
Bunched Cilantro supplies are expected to be plentiful this
Bok Choy week.
Supplies and quality are good this week.
Corn
Broccoli Supply has improved out of South Georgia as well as quality.
Supplies are good this week but will be lighter in upcoming In the west we continue to see increasing volume out of the
weeks. Central Valley. Decent numbers are available this week out of
the Carolinas. Overall demand is flat this week.
Brussels Sprouts
The supply line will still be a little rough for the beginning of this Cucumbers
week but will improve by mid-week. EAST: NJ’s cucumber production is ramping up with good
volume and quality, providing steady supply while other areas
Cantaloupe transition in and out of season. Eastern NC finished up last
We are just starting here on the Westside and demand is week and GA’s last new blocks will come to an end this week.
excellent as well quality on the first picks, we should be Meanwhile, MI has started in a light way and NY is on tap to
going with strong volume by end of the week. We expect the start in a light way this week. Overall, Eastern quality is good
market to ease a bit middle part of next week. Our weather although there are a few issues here and there due to heat
as mentioned above is going to heat up which could slow and precipitation. FOBs are steady this week.
production for Cantaloupe over the next 10 days. We will WEST: Central Mexico is also up and running with good
continue to monitor and keep you posted, but we expect volume, crossing through McAllen. Baja is currently providing
good quality fruit going forward. We are peaking on larger fruit for most of the west and supply has been limited around the
keeping 12’s and 15’s very tight. holiday. Two more growers are scheduled to start in the next
few weeks which will provide availability with a boost. Also,
Carrots more WA state farms will add to the mix. Overall quality is
Good Supply and Good quality shipping from California. strong, and we don’t anticipate any issues for at least the next
(Value Added): EXTREME Many packs sizes, especially the few weeks. FOBs are steady this week.
sizes that are hand packed, are in very short supply due to
the social distancing regulations from the Coronavirus. Quality Eggplant
remains good. EAST: GA still has good-quality eggplant available, but
volumes are beginning to lighten up. Our Eastern NC program
has just started but should see more fruit this week. Hopefully,
these deals will carry the East until NJ, MI and other local/
regional areas get started in a few weeks. FOBs have moved
up a few more dollars this week.
WEST: Coachella is winding down quickly and will finish up
over the weekend. But the CA Central Valley is getting into
better volume with the continuous warm weather and should
take up the slack. Baja, Mexico fruit has also started up, and
so far, we are receiving a few pallets daily. FOBs are down
slightly this week.
4
market trends
WEek ending July 17, 2020
Produce (continued)
English Cucumbers Green Onions
Volume has decline and markets are firming up with lighter Supplies and quality are good.
Canadian volume available.
Honeydew
Fennel We are starting Honeydews on the Westside and overall quality
We are expected to be slightly below budget on fennel this in the field looks excellent. We will be going up here through
week. mid-October as well. Again, the weather is going to heat up for
melons over the next 10 days.
Garlic
EXTREME: The garlic market as a whole remains very volatile. Jicama
The 2019 Garlic crop is finished. Calif Garlic will be running Storage product is available; expect to see blemishing as it is
short through the end of the season until new crop Garlic storage fruit. Supply stable.
gets started. Had it not been for Covid-19, this would have
happened sooner but due to the decreased demand during Kale
this time, this allowed the season to be extended before they Bunched kale supply is expected to be plentiful for the next
needed to source product elsewhere. To cover orders, Garlic few weeks. Quality is good.
Co will be sourcing product from Mexico to fill in and orders
“MAY” need to be subbed with Product of Mexico until the Lemons
new season starts. They are estimating orders will be filled We are packing Dist. 2 (Coastal) fruit and starting to get more
with as much as 50% from Mexico and 50% from Calif but some light volumes of Chilean fruit and will start to see some
please understand, we will do everything we can to not have very light volumes out of Mexico. We expect to have good
to sub or at least keep subs to a minimum. Calif Garlic season volumes by the end of the month on the Chilean and the
is estimated to start in 2-3 weeks, but orders could still be Mexico fruit which may help ease this market. The overall
subbed with product of Mexico longer until they get into full quality is good to fair with good color some mis-shapen and
production with Calif Garlic. wind scar, but good juice content and overall a good piece
of fruit. Market has strengthened as demand has been very
Ginger good across the board and expect the market to continue to
EXTREME Ginger remains very volatile also due to very increase especially on Fancy fruit.
inconsistent supply and market is higher. Supply to remain
tight for the foreseeable future.
Grapes
We are still going in Mexico but will probably finish up by next
week. The Coachella valley is also still going but should finish
up here in about 10 days. There is a mix bag of quality out
there especially out of Mexico. The Coachella Valley is into
some newer varieties and quality look pretty good. We are
going to start our Central Valley fruit next week and overall
quality looks very good so far, we will see what this heat does
to us over the next 10 days. We will continue up here through
December. The outlook up here is for a lighter crop than last
year and especially on the front end. We are seeing some very
nice consistent size on the vine, so we are hoping for a great
quality year.
Green Cabbage
Markets are active this week but seeing volume improve with
more availability out of the Midwest.
Red Cabbage
Supply and quality are good this week
5
market trends
WEek ending July 17, 2020
Produce (continued)
Lettuce: Oranges
Butter Market has gotten much stronger across the board due to
Production volumes are on budget this week. Overall demand the spike in demand for oranges we have finished our navels
is steady, while markets remain flat. for the season and now all Valencia’s through mid October,
or imported Navels around the third week of July for us if are
Green Leaf needing Navels. Our weather is heating up going to be above
Production volumes are close to budget for the week. Blocks 100 for the next 10 days and as high as 108. The color on
we are harvesting are very nice with good texture, size, and Valencia’s has been very nice and sugar and juice content are
weight. Demand has picked up in some areas and markets excellent, we will see some re-greening on the fruit due to
look to be firming up for this week and next. these hot days and will have to de green (Gas it) the fruit, but
you will see some tinge of green on the fruit more so on the
Red Leaf choice grade.
Good supply and quality.
Parsley (Bunched)
Iceberg Lettuce Bunched Parsley supplies are expected to be plentiful this
Quality and supply are slowly increasing, quality is good. week.
Romaine/Romaine Hearts Green Pepper
ESCALATED Romaine Heart supply is still slightly below EAST: Bell peppers continue to be the hot item. Our Eastern
normal budget volumes. Industry supply is becoming lighter as NC farm is working crown picks with nice quality but is seeing
we are getting into summer plantings and we expect reduced lighter yields than usual because of earlier rains that affected
supply for at least the next month. Quality is fair to good. the fruit set. With only a small amount of SC acreage in
production and most other local deals running late, Eastern
Limes pepper volume will stay limited for another 7-10 days.
Limes are stable right now. No sudden increases for next However, we do expect to see a limited amount of fruit from
week coming. at least a few local programs (VA and KY) next week. FOBs
remain extremely high.
Napa WEST: The West is still looking to Bakersfield, CA as the
Supplies and quality are good this week. main growing region for bells. This product has been in high
demand and has moved quickly each day. Bakersfield looks
Onions to finish up next week just as Fresno gets started. Quality has
The market has stabilized after seeing a quick uptick in FOB been good but we are on the lookout for potential issues this
prices last week in both California and New Mexico. With week as the extreme heat may be a factor as they wind down
Texas being finished, and Vidalia supply still feeling the effects the season. FOBs are steady but elevated this week.
of heavy rain, demand is stressing these two regions. We
are seeing high temperatures in California continue to affect
shrink levels on all colors of onions, and we expect this will
continue going into this weekend as more high temperatures
are expected. Additionally, we are seeing the early plantings in
both California and New Mexico finish up, and the later crops
experiencing delays as they are not fully ready to ship yet. This
is going to create a seven to ten-day gap for many shippers.
We anticipate the market will continue to strengthen until about
the 15th of July, and possibly beyond. Washington is expected
to start shipping in about 3 weeks from now, which should
likely limit the levels in which the FOB prices will reach. The
extension of the USDA box program is also causing supply to
remain firm, particularly on small sizes of all colors.
6
market trends
WEek ending July 17, 2020
Produce (continued)
Jalapeños (Chiles) Pineapple
EAST: Eastern availability has tightened up as GA moves into Volume has stabilized and will continue to be good moving
the short rows before most local and regional deals have into mid-July. Quality is high and the taste profile is wonderful.
started. FOB’s are mostly steady.
WEST: Western chili pepper supply and quality have improved Potatoes (Idaho)
as Baja crops hit their stride and CA farms get rolling. Supply has drastically tightened up throughout the state.
Anaheim volumes are a little sparse, but all other varieties are While the market typically does react this time of year, as
readily available. FOBs are steady. production decreases and supplies on hand also decrease,
we are beginning to see an extreme situation unfold. In
Red and Yellow Bell Peppers addition to demand being elevated to the USDA Produce Box
EAST AND WEST: Overall there is less product coming in the Program, we are also seeing processors coming back in for
Leamington area due to labor issues, but we don’t have any supply that many had previously walked away from back in
concerns at this time. Our Canada crops have been working March at the start of the COVID 19 shutdowns. As expected,
through a down cycle in production but are seeing a little Washington’s increase in market pricing these last few weeks
more fruit and better color this week. Due to the heat, there has made its way to Idaho, and we are seeing 40ct through
are more XL than jumbo peppers this week which is helpful to 80ct remain very tight. However, even smaller size count
meet counts and pack requirements. Our new crops in Central cartons, consumer bags, and Number 2 grade product are
and SE MX are off to a slow start. Sizing in some of the first all becoming scarce. In addition to this current crop winding
fields is small and volume is limited to a trickle of reds and a down, there is concern that this next year’s crop will be similar
few oranges. (Yellows should start this week). Conversely, to the market we experienced this last year. Growers are citing
sizing is extremely large on our new crops in other Mexico the decrease of about 8% acreage throughout the state, as
areas, especially on orange creating challenges in fitting the well as poor seed potatoes ultimately affecting yields for next
right count pepper in the appropriate pack. Volume is still light season. We expect FOB pricing to remain firm and continue
but should pick up the pace over the next few weeks. Orange to increase in small ways each week until the end of old crop.
is the shortest color of the three. FOBs are fairly steady this New crop potatoes are expected to start shipping around the
week but remain elevated. first or second week of August. We will likely not experience
any pricing relief until around the last week in August when
harvest is really into full swing. Trucks remain in short supply,
and we are continuing to see rates increase with capacity
tightening.
Snow Peas
Production is steady.
Sugar Snap Peas
Production is steady.
Spinach (Bunched)
Supply is good with fair quality.
Spinach (Baby)
Supply is good with fair quality.
Spring Mix
Supply and quality are both very good.
7
market trends
WEek ending July 17, 2020
Produce (continued)
Squash: Yellow and Zucchini WEST/MEXICO
EAST: The spread of squash production to local and regional
deals is well underway in the East. NJ, VA, OH, MI, TN, KY Rounds
and others have product to offer which has greatly improved Western volume is on the upswing. Baja’s vine-ripes are
volume and sourcing options. Although there haven’t been available in good supply from new field production. Size is
any significant quality issues reported, it always pays to keep shifting down slightly, providing a few more options this week.
a close eye on yellow squash since it is so susceptible to Mature green numbers are also rising as more growers in CA’s
weather elements. FOBs are down another notch on yellow San Joaquin Valley come online. Quality is varied on the CA
and remain steady on zucchini. fruit, but is mostly fair to average, requiring attention to packing
WEST: In the West, Baja, Santa Maria and the CA Central to meet customer standards. Lipman’s CA crops are tap for
Valley are all experiencing increases in production as they first harvests in the next 5 days. FOBs are steady.
get into newer fields. With the Watsonville / Salinas area also
seeing stronger numbers, there should be plenty of product Romas
in the West. Of note- some of A’s yellow squash quality is We’ve started our CA Romas as have several other growers.
marginal and product won’t travel well. FOBs continue to fall Despite extreme heat and wind-scarring (that can easily be
from the previous week. sorted out), Lipman’s quality is pretty good and volume will
gradually increase. There are some quality issues with other
Sweet Potatoes growers so the overall assessment would be fair to average.
Demand for sweet potatoes continues to be high. We will see Better fruit is available from Baja and Eastern Mexico where
the market remain steady. FOB’s out of all growing regions they are crossing decent roma volumes with good quality.
remain above average, but we should not expect a spike. FOBs are steady.
TOMATOES Grape/Cherry Tomatoes
Our crops in Central Mexico are at their peak of production
EAST and should continue with steady volume for the next few
weeks. Baja’s numbers are increasing and will rise another
Rounds notch when our crops start later this week. FOBs remain
New Summer crops in TN, NJ, VA and NC have been delayed elevated but are steady.
from cool and wet weather during earlier points in the planting/
growing cycle. There are a few tomatoes from early starters Watermelons
in these areas, but most won’t see any volume until the 3rd WATCHLIST Watermelon prices continue to be high due to
week of July. With SC finishing crowns this past weekend and light supply. Florida is done, Georgia and Alabama have limited
working some 2nds this week before they end the season, supply and demand at retail is putting tremendous pressure
round tomatoes may be snug for 7-10 days in the East. SC’s on the supply chain. Quality is also being impacted in the east
quality has been very nice but could decline a notch as they form the moisture and virus pressure. We do not expect to see
move into the final harvests. FOBs are steady. improvement on supply until mid-July in the east. Demand is
strong for Texas and California fruit and many customers have
Romas shifted to western product.
Other than a few dribbles in NC and TN, there are no Romas
in the East. A couple of growers in TN are beginning to
scratch fields this week, but don’t expect significant volume for
another 2-3 weeks. By that time, NJ and the NC mountains
should also be up and running. FOBs aren’t really relevant, but
they are steady.
Grape/Cherry Tomatoes
SC will continue to harvest grape tomatoes for another 2-3
weeks which is when VA and the TN/NC mountains should
come along with some fruit. Volume has been on the light side
but there’s enough to meet commitments. FOBs are up a few
dollars this week and remain elevated.
8
market trends
WEek ending July 17, 2020
Beef, Veal & Lamb
Last week’s beef production was shortened by the Independence Day Holiday, which likely caused Friday and Saturday’s
output to be light as well. The USDA boxed beef cutouts continue to decline, but not as intense which was the case in recent
weeks. Middle meats and beef trimmings have been taking the bulk of the price losses, but the end cuts are now firming
moving into the summer months. The dog days of summer are typically light on beef movement, but the now attractive prices
and elevated production levels may keep this year’s beef sales more robust than in years past.
Description Market Trend Supplies Price vs. Last Year
Live Cattle (Steer) Decreasing Good Lower
Feeder Cattle Index (CME) Increasing Good Lower
Ground Beef 81/19 Increasing Good Lower
Ground Chuck Increasing Good Lower
109 Export Rib (ch) Decreasing Good Lower
109 Export Rib (pr) Decreasing Good Lower
112a Ribeye (ch) Decreasing Good Lower
112a Ribeye (pr) Decreasing Good Lower
114a Chuck , Shlder Cld(ch) Decreasing Good Lower
116 Chuck (sel) Increasing Ample Higher
116 Chuck (ch) Increasing Ample Lower
116b Chuck Tender (ch) Decreasing Good Lower
120 Brisket (ch) Increasing Good Lower
120a Brisket (ch) Increasing Ample Lower
121c Outside Skirt (ch/sel) Increasing Good Lower
121d Inside Skirt (ch/sel) Increasing Good Lower
121e Cap & Wedge Decreasing Ample Higher
167a Knckle, Trimmed (ch) Increasing Good Higher
168 Inside Round (ch) Increasing Ample Higher
169 Top Round (ch) Increasing Good Higher
171b Outside Round (ch) Increasing Good Higher
174 Short Loin (ch 0x1) Decreasing Good Lower
174 Short Loin (pr 2x3) Decreasing Good Lower
180 0x1 Strip (ch) Decreasing Ample Higher
180 0x1 Strip (pr) Decreasing Good Lower
184 Top Butt, boneless (ch) Increasing Good Lower
184 Top Butt, boneless (pr) Increasing Good Lower
184-3 Top Butt, bnls (ch) Increasing Good Lower
185a Sirloin Flap (ch) Increasing Ample Higher
185c Loin, Tri-Tip (ch) Increasing Ample Lower
189a Tender (sel, 5 lb & up) Decreasing Good Lower
189a Tender (ch, 5 lb &up) Decreasing Good Lower
189a Tender (pr, heavy) Decreasing Good Lower
193 Flank Steak (ch) Decreasing Good Lower
50% Trimmings Decreasing Good Lower
65% Trimmings Decreasing Good Higher
75% Trimmings Increasing Good Lower
85% Trimmings Decreasing Ample Higher
90% Trimmings Decreasing Ample Higher
90% Imported Beef (frz) Steady Ample Higher
95% Imported Beef (frz) Steady Ample Lower
Veal Rack (Hotel 7 rib) Steady Ample Higher
Veal Top Round (cap off) Steady Ample Higher
9
market trends
WEek ending July 17, 2020
Grains
The USDA lowered their 2020-21 U.S. corn planted acreage estimate last week to 92 million which is nearly 5 million less
than the prior estimate. This factor and dry weather have brought support to corn prices. Assuming the weather cooperates,
corn supplies should be fine, but prices could become erratic until the harvest this fall.
Description Market Trend Supplies Price vs. Last Year
Soybeans, bushel Increasing Ample Higher
Crude Soybean Oil, lb Increasing Good Lower
Soybean Meal, ton Increasing Good Lower
Corn, bushel Increasing Good Lower
Crude Corn Oil, lb Steady Ample Higher
High Fructose Corn Syrup Increasing Good Lower
Distillers Grain, Dry Increasing Good Lower
Crude Palm Oil, lb BMD Increasing Ample Higher
HRW Wheat, bushel Increasing Ample Higher
DNS Wheat 14%, bushel Increasing Good Lower
Durum Wheat, bushel Decreasing Ample Higher
Pinto Beans, lb Steady Ample Higher
Black Beans, lb Decreasing Ample Lower
Rice, Long Grain, lb Steady Ample Higher
Dairy
The cheese markets continue to trade at expensive levels with CME cheese blocks close to a record high. The government
has renewed dairy product purchases for their food box program for the next couple of months which is helping underpin the
markets. However, cheese production is rising as milk supplies become more available. Further, milk is reported to be trading at
discounts in the Midwest. And if that’s not enough, cheese exports are slowing due to the high U.S. prices. Therese factors all
point to the risk in the cheese markets being to the downside. Butter prices continues to trade below 2019.
Description Market Trend Supplies Price vs. Last Year
Cheese Barrels (CME) Increasing Ample Higher
Cheese Blocks (CME) Decreasing Ample Higher
American Cheese Increasing Ample Higher
Cheddar Cheese (40 lb) Increasing Ample Higher
Mozzarella Cheese Increasing Ample Higher
Monterey Jack Cheese Increasing Ample Higher
Parmesan Cheese Increasing Ample Higher
Butter (CME) Decreasing Good Lower
Nonfat Dry Milk Increasing Good Lower
Whey, Dry Increasing Good Lower
Class 1 Base Steady Good Lower
Class II Cream, heavy Decreasing Good Lower
Class III Milk (CME) Increasing Ample Higher
Class IV Milk (CME) Decreasing Good Lower
10market trends
WEek ending July 17, 2020
Pork
Pork production continues to escalate relative to year ago levels, and fresh pork supplies remain abundant. Prices have been
choppy, but mostly lower, with pork bellies struggling to hold above a $1.00/lb. Ham prices have remained well below year
ago levels. But the pork rib markets continue to be above 2019 levels on solid retail demand. Anticipate Mexico to be a lack-
luster export partner for pork, but China has stepped up by buying a record volume of U.S. hams at depressed prices. Still,
look for pork exports to underpin prices moving forward.
Description Market Trend Supplies Price vs. Last Year
Live Hogs Decreasing Good Lower
Sow Increasing Good Lower
Belly (bacon) Decreasing Good Lower
Sparerib(4.25 lb & down) Decreasing Ample Higher
Ham (20-23 lb) Decreasing Good Lower
Ham (23-27 lb) Steady Good Lower
Loin (bone in) Increasing Good Lower
Babyback Rib (1.75 lb & up) Decreasing Ample Higher
Tenderloin (1.25 lb) Increasing Ample Higher
Boston Butt, untrmd (4-8 lb) Increasing Good Lower
Picnic, untrmd Decreasing Good Lower
SS Picnic, smoker trm box Increasing Good Lower
42% Trimmings Decreasing Ample Higher
72% Trimmings Decreasing Good Lower
11market trends
WEek ending July 17, 2020
Poultry
For the week ending June 27th, chicken slaughter picked up from the week prior, and was the largest for any week since
late March. Still, production lagged 6.6% below year ago levels. RTC production was down a more modest 4.1% (y/y). Amid
tighter production schedules, breast meat and wing prices have been firming while the dark meat complex has fallen sharply.
Lack of export demand continues to leave larger inventories of dark meat on the wholesale market and this may not be over
soon. Wing inventories are mostly adequate, but the uncertainty regarding the resumption of sports, coupled with a potential
pull back on restaurant re-openings may pressure the wing markets even deeper than their usual seasonal weakness during
the summer.
Description Market Trend Supplies Price vs. Last Year
Whole Birds WOG-Nat Increasing Good Lower
Wings (jumbo cut) Increasing Ample Lower
Wing Index (ARA) Increasing Ample Lower
Breast, Bnless Skinless NE Increasing Ample Higher
Breast, Bnless Skinless SE Increasing Ample Higher
Breast Boneless Index (ARA) Increasing Ample Higher
Tenderloin Index (ARA) Increasing Good Lower
Legs (whole) Decreasing Good Lower
Leg Quarter Index (ARA) Decreasing Good Lower
Thighs, Bone In Decreasing Good Lower
Thighs, Boneless Increasing Good Lower
Description Market Trend Supplies Price vs. Last Year
Whole Turkey (8-16 lb) Decreasing Ample Higher
Turkey Breast, Bnls/Sknls Steady Good Lower
Eggs
Description Market Trend Supplies Price vs. Last Year
Large Eggs (dozen) Increasing Ample Higher
Medium Eggs (dozen) Steady Ample Higher
Liquid Whole Eggs Decreasing Ample Higher
Liquid Egg Whites Increasing Ample Lower
Liquid Egg Yolks Steady Ample Higher
Egg Breaker Stock Central Steady Ample Higher
12market trends
WEek ending July 17, 2020
Seafood
The shrimp markets continue to track below year ago levels. Lackluster food service demand is weighing on shrimp prices.
And now that the beef, pork and chicken markets have returned to buyer engaging levels, shrimp demand is being tempered at
retail. With a continued firm dollar, relatively solid shrimp imports are anticipated in the coming months which could weigh on
the shrimp markets.
Description Market Trend Supplies Price vs. Last Year
Shrimp (16/20 frz) Steady Good Lower
Shrimp (61/70 frz) Steady Good Lower
Shrimp Tiger (26/30 frz) Steady Good Lower
Snow Crab, frz Steady Good Lower
Tilapia Filet, frz Steady Good Lower
Cod Filet, frz Steady Good Lower
Tuna Yellowfin, frsh Steady Good Higher
Salmon Atlantic Filet, frsh Steady Good Lower
Pollock Filet, Alaska, frz Steady Good Higher
13market trends
WEek ending July 17, 2020
Paper and Plastic Products
Description Market Trend Supplies Price vs. Last Year
WOOD PULP (PAPER)
NBSK- Paper napkin Steady Good Lower
42 lb. Linerboard-corrugated box Steady Good Lower
PLASTIC RESINS (PLASTIC, FOAM)
PS-CHH-utensils, cups, to-go cont. Steady Good Lower
PP-HIGP-heavy grade utensils Steady Good Lower
PE-LLD-can liners, film, bags Steady Ample Higher
Retail Price Change from Prior Month
Description May-20 Jun-20 Jul-20
Beef and Veal Increasing Increasing Decreasing
Dairy Decreasing Increasing Decreasing
Pork Increasing Increasing Decreasing
Chicken Decreasing Increasing Increasing
Fresh Fish and Seafood Decreasing Increasing Decreasing
Fresh Fruits and Vegetables Decreasing Increasing Decreasing
Various Markets
The California tomato for processing harvest is underway and will continue into October. Expectations are for the California
crop to be 8% bigger than last year. The canned tomato markets remain relatively firm due in part to seasonally limited sup-
plies. But price relief may be pending.
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 Increasing Good Lower
Sugar lb ICE Steady Good Higher
Cocoa mt ICE Decreasing Good Lower
Orange Juice lb ICE Increasing Ample Higher
Honey (clover) lb Increasing Good Lower
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