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WEEKLY MARKET TRENDS REPORT

November 9, 2012

Individual Reports on: Beef, Veal and Lamb Oil and Grains Dairy Pork Canned Tomato Poultry Seafood Bean, Rice, Coffee and Sugar Processed Fruits and Vegetables Produce

Seafood Report
Seafood- The shrimp markets remain fairly steady.
U.S. Gulf of Mexico shrimp landings during September were 6.8% more than last year and the best for the month since '09. Yet, current year U.S. Gulf of Mexico shrimp landings through September were 7.7% below a year ago. The U.S. imports the majority of its shrimp consumption needs. A firm U.S. dollar valuation could keep shrimp prices at bay in the coming months.

Salmon, Whole (10-12 lb) Catfish, Filets Trout, Drn. (8-14 oz) Shrimp (16-20 count) Shrimp (61-70 count) Shrimp, Tiger (26-30 count) Snow Crab Legs (5-8 oz) Snow Crab Legs (8 oz up) Cod Tails, 3-7 oz. Frz. Cod Loins, 3-12 oz. Frz. Salmon Portions, 4-8 oz. Frz.

Market Trend Steady Steady Steady Increasing Steady Steady Decreasing Steady Steady Steady Steady

Supplies Good Good Good Good Good Good Good Good Good Good Good

Price vs. Last Year Higher Lower Higher Lower Higher Lower Lower Lower Higher Lower Lower

Market Report provided by American Restaurant Associationwww.AmericanRestaurantAssociation.com- 888-423-4411

*This data and these comments are provided for information purposes only and are not intended to be used for specific trading strategies. Past financial results are not necessarily indicative of future performance. Any examples given are strictly hypothetical and no representation is being made that a person will or is likely to achieve profits or losses similar to those examples. Neither the information, nor any opinion expressed constitutes a solicitation to buy or sell futures or options on futures contracts or OTC products. Covered parties (as defined below) shall not be liable for any direct, indirect, incidental, special or consequential damages of any kind, whatsoever (including attorneys fees and lost profits or savings) in any way due to, resulting from, or arising in connection with the Market Trends Report, including its content, regardless of any negligence of the covered party including but not limited to technical inaccuracies and typographical errors. Covered Parties is defined as American Restaurant Association Inc., ARA Trading and the employees of both companies. Commodity trading involves risks, and you should fully understand those risks before trading. 2007 American Restaurant Association Inc. This publication is protected under U.S. copyright law. Please do not redistribute without permission. Thank you.

Produce Report
Produce- The Florida tomato harvest is off to a slow start which has kept mature green
tomato prices elevated. This is despite Northeast storm related demand weakness. Better tomato supplies are projected in the coming weeks. The iceberg lettuce market is steady with the chief lettuce supply area currently around Huron, CA. Lettuce prices could become erratic as the crop transitions to the Yuma-Imperial valley. However, no major lettuce supply gaps are anticipated at this time. The yellow onion market has firmed which isn't unusual as the holiday season nears.

Limes (150 count) Lemons (95 count) Lemons (200 count) Honeydew (6 ct.) Cantaloupe (15 count) Blueberries (12 count) Strawberries (12 pints) Avocados, Hass (48 count) Bananas (40 lb)-Term. Pineapple (7 ct.)- Term. Idaho Potato (60 count) Idaho Potato (70 count) Idaho Potato (70 count)-Term. Idaho Potato (90 count) Idaho Potato #2 (6 oz. min.) Processing Potato (100 lb) Yellow Onions (50 lb) Yellow Onions (50 lb)-Term. Red Onions (25 lb)-Term. White Onions (50 lb)-Term. Tomatoes, (large- case) Tomatoes, (5x6, 25 lb.)-Term. Tomatoes, Vine Ripe, (4x5) Roma Tomatoes (large- case) Roma Tomatoes (xlarge- case) Green Peppers (large- case) Red Peppers (large- 15 lb. cs.) Iceberg Lettuce (24 count) Iceberg Lettuce (24 cnt)-Term.

Market Trend Increasing Steady Steady Decreasing Decreasing Decreasing Increasing Decreasing Increasing Decreasing Steady Steady Increasing Steady Steady Steady Increasing Increasing Increasing Increasing Decreasing Increasing Increasing Increasing Increasing Decreasing Steady Decreasing Increasing

Supplies Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good

Price vs. Last Year Higher Lower Higher Lower Higher Higher Higher Lower Lower Lower Lower Lower Lower Lower Lower Higher Lower Higher Higher Higher Higher Higher Higher Higher Higher Lower Higher Lower Lower

Produce Report (continued)


Leaf Lettuce (24 count) Romaine Lettuce (24 count) Mesculin Mix (3 lb)-Term. Broccoli (14 cnt.) Squash (case) Zucchini (case) Green Beans (bushel) Spinach, Flat 24s Mushrooms (large), Term. Cucumbers, Bushel Pickles (200-300 ct.)-Term. Asparagus (small) Freight (CA to City Avg.) Decreasing Increasing Increasing Increasing Increasing Increasing Decreasing Steady Decreasing Increasing Increasing Decreasing Decreasing Good Good Good Good Good Good Good Good Good Good Good Good Good Lower Lower Higher Lower Higher Higher Higher Higher Higher Higher Lower Higher Lower

Market Report provided by American Restaurant Associationwww.AmericanRestaurantAssociation.com- 888-423-4411

*This data and these comments are provided for information purposes only and are not intended to be used for specific trading strategies. Past financial results are not necessarily indicative of future performance. Any examples given are strictly hypothetical and no representation is being made that a person will or is likely to achieve profits or losses similar to those examples. Neither the information, nor any opinion expressed constitutes a solicitation to buy or sell futures or options on futures contracts or OTC products. Covered parties (as defined below) shall not be liable for any direct, indirect, incidental, special or consequential damages of any kind, whatsoever (including attorneys fees and lost profits or savings) in any way due to, resulting from, or arising in connection with the Market Trends Report, including its content, regardless of any negligence of the covered party including but not limited to technical inaccuracies and typographical errors. Covered Parties is defined as American Restaurant Association Inc., ARA Trading and the employees of both companies. Commodity trading involves risks, and you should fully understand those risks before trading. 2007 American Restaurant Association Inc. This publication is protected under U.S. copyright law. Please do not redistribute without permission. Thank you.

Processed Fruits and Vegetables Report


Processed Fruits and Vegetables- The harvest season for vegetables has ended. The majority of the processed
vegetable markets are firm but could modestly appreciate as we move into '13.

Canned 6/10 Corn, Fancy Whole Kernel Green Beans, Fancy 4 sv Green Peas, Fancy 4 sv/blend Frozen Corn, Cob 96 count Corn, Kernel 12/2.5 lb. Green Beans, Cut 12/2 lb. Green Peas, 12/2.5 lb. Potatoes, FF Fancy, 6/5 lb.

Market Trend

Steady
Steady Steady Steady Steady Steady Steady Steady

Supplies Good Good Good Good Good Good Good Good

Price vs. Last Year Higher Higher Higher Higher Higher Higher Higher Higher

Market Report provided by American Restaurant Associationwww.AmericanRestaurantAssociation.com- 888-423-4411

*This data and these comments are provided for information purposes only and are not intended to be used for specific trading strategies. Past financial results are not necessarily indicative of future performance. Any examples given are strictly hypothetical and no representation is being made that a person will or is likely to achieve profits or losses similar to those examples. Neither the information, nor any opinion expressed constitutes a solicitation to buy or sell futures or options on futures contracts or OTC products. Covered parties (as defined below) shall not be liable for any direct, indirect, incidental, special or consequential damages of any kind, whatsoever (including attorneys fees and lost profits or savings) in any way due to, resulting from, or arising in connection with the Market Trends Report, including its content, regardless of any negligence of the covered party including but not limited to technical inaccuracies and typographical errors. Covered Parties is defined as American Restaurant Association Inc., ARA Trading and the employees of both companies. Commodity trading involves risks, and you should fully understand those risks before trading. 2007 American Restaurant Association Inc. This publication is protected under U.S. copyright law. Please do not redistribute without permission. Thank you.

Poultry Report
Poultry- The weekly ARA chicken cutout index last week fell to its lowest level since
March. Profitability remains a challenge for chicken producers but output rates are above year ago levels. The USDA is calling for total fall chicken output to be up 1.3% versus '11. The chicken wing markets usually trade sideways during November but then rise 10% through mid-February. Any price increases for wings in the coming months may be tempered if production rates continue to trend above prior year levels. The chicken breast markets frequently bottom in early November and continue to trade at engaging price levels for the balance of the year. The egg markets usually trend upward in the coming weeks due to holiday demand.

Whole Chicken (2.5-3 lb-GA) Whole Chicken (LA) Chicken Wings, Whole Chicken Wings, Jumbo Cut Chicken Breast, Bone-In Chicken Breast, Bnless Sknless Chicken Tender (random) Chicken Tender (sized) Chicken Legs (whole) Chicken Leg Quarters Chicken Thighs, bone in Chicken Thighs, boneless Large Eggs Medium Eggs Whole Eggs- Liq Egg Whites- Liq Egg Yolks- Liq Whole Turkey (8-16 lb) Turkey Breast- Bnls/Sknls

Market Trend Steady Steady Decreasing Decreasing Increasing Steady Steady Steady Increasing Steady Increasing Decreasing Increasing Steady Increasing Increasing Decreasing Steady Decreasing

Supplies Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good

Price vs. Last Year Higher Higher Higher Higher Higher Higher Higher Higher Higher Higher Lower Lower Higher Higher Higher Lower Higher Lower Lower

Market Report provided by American Restaurant Associationwww.AmericanRestaurantAssociation.com- 888-423-4411


*This data and these comments are provided for information purposes only and are not intended to be used for specific trading strategies. Past financial results are not necessarily indicative of future performance. Any examples given are strictly hypothetical and no representation is being made that a person will or is likely to achieve profits or losses similar to those examples. Neither the information, nor any opinion expressed constitutes a solicitation to buy or sell futures or options on futures contracts or OTC products. Covered parties (as defined below) shall not be liable for any direct, indirect, incidental, special or consequential damages of any kind, whatsoever (including attorneys fees and lost profits or savings) in any way due to, resulting from, or arising in connection with the Market Trends Report, including its content, regardless of any negligence of the covered party including but not limited to technical inaccuracies and typographical errors. Covered Parties is defined as American Restaurant Association Inc., ARA Trading and the employees of both companies. Commodity trading involves risks, and you should fully understand those risks before trading. 2007 American Restaurant Association Inc. This publication is protected under U.S. copyright law. Please do not redistribute without permission. Thank you.

*This data and these comments are provided for information purposes only and are not intended to be used for specific trading strategies. Past financial results are not necessarily indicative of future performance. Any examples given are strictly hypothetical and no representation is being made that a person will or is likely to achieve profits or losses similar to those examples. Neither the information, nor any opinion expressed constitutes a solicitation to buy or sell futures or options on futures contracts or OTC products. Covered parties (as defined below) shall not be liable for any direct, indirect, incidental, special or consequential damages of any kind, whatsoever (including attorneys fees and lost profits or savings) in any way due to, resulting from, or arising in connection with the Market Trends Report, including its content, regardless of any negligence of the covered party including but not limited to technical inaccuracies and typographical errors. Covered Parties is defined as American Restaurant Association Inc., ARA Trading and the employees of both companies. Commodity trading involves risks, and you should fully understand those risks before trading. 2007 American Restaurant Association Inc. This publication is protected under U.S. copyright law. Please do not redistribute without permission. Thank you.

Pork Report
Pork- Pork output last week fell .6% and was 1.4% smaller than the prior year with hog slaughter declining to its
lowest level in five weeks. This is bringing support to the pork markets. History points to pending weakness in various pork markets. The ham market usually declines 5.4% over the next two weeks. The pork belly market is currently priced 30% above its three year average for the week. Belly prices typically fade 4.3% from here through the end of the month. The downside risk in the baby back rib market may be nominal from here.

Live Hogs Belly (bacon) Spare Rib (4.25 & down) Ham (23-27 lb) Loin (bone-in) Baby Back Rib (1.75 & up) Tenderloin (1.25 lb) Boston Butt, untrimmed 4-8 lb. Picnic, untrimmed SS Picnic, smoker trim boxed 42% Trimmings 72% Trimmings

Market Trend Decreasing Steady Decreasing Steady Decreasing Increasing Increasing Increasing Decreasing Decreasing Increasing Increasing

Supplies Good Good Good Good Good Good Good Good Good Good Good Good

Price vs. Last Year Lower Higher Lower Lower Lower Lower Lower Lower Lower Lower Lower Lower

Market Report provided by American Restaurant Associationwww.AmericanRestaurantAssociation.com- 888-423-4411

*This data and these comments are provided for information purposes only and are not intended to be used for specific trading strategies. Past financial results are not necessarily indicative of future performance. Any examples given are strictly hypothetical and no representation is being made that a person will or is likely to achieve profits or losses similar to those examples. Neither the information, nor any opinion expressed constitutes a solicitation to buy or sell futures or options on futures contracts or OTC products. Covered parties (as defined below) shall not be liable for any direct, indirect, incidental, special or consequential damages of any kind, whatsoever (including attorneys fees and lost profits or savings) in any way due to, resulting from, or arising in connection with the Market Trends Report, including its content, regardless of any negligence of the covered party including but not limited to technical inaccuracies and typographical errors. Covered Parties is defined as American Restaurant Association Inc., ARA Trading and the employees of both companies. Commodity trading involves risks, and you should fully understand those risks before trading. 2007 American Restaurant Association Inc. This publication is protected under U.S. copyright law. Please do not redistribute without permission. Thank you.

Oil and Grains Report


Oil & Grains- The U.S. winter wheat crop remains challenged due to the drought blanketing the better part of the
U.S. plains. Wheat prices could be supported in '13 if weather doesn't improve.

Soybeans Crude Soybean Oil Soymeal Corn Crude Corn Oil Distillers Grain, Dry Crude Palm Oil Hard Red Winter Wheat Dark Northern Spring Wheat High Fructose Corn Syrup Durum Wheat

Market Trend Decreasing Decreasing Decreasing Decreasing Decreasing Decreasing Decreasing Increasing Increasing Steady Decreasing

Supplies Good Good Good Good Good Good Good Good Good Good Good

Price vs. Last Year Higher Lower Higher Higher Same Higher Lower Higher Higher Higher Lower

Market Report provided by American Restaurant Associationwww.AmericanRestaurantAssociation.com- 888-423-4411

*This data and these comments are provided for information purposes only and are not intended to be used for specific trading strategies. Past financial results are not necessarily indicative of future performance. Any examples given are strictly hypothetical and no representation is being made that a person will or is likely to achieve profits or losses similar to those examples. Neither the information, nor any opinion expressed constitutes a solicitation to buy or sell futures or options on futures contracts or OTC products. Covered parties (as defined below) shall not be liable for any direct, indirect, incidental, special or consequential damages of any kind, whatsoever (including attorneys fees and lost profits or savings) in any way due to, resulting from, or arising in connection with the Market Trends Report, including its content, regardless of any negligence of the covered party including but not limited to technical inaccuracies and typographical errors. Covered Parties is defined as American Restaurant Association Inc., ARA Trading and the employees of both companies. Commodity trading involves risks, and you should fully understand those risks before trading. 2007 American Restaurant Association Inc. This publication is protected under U.S. copyright law. Please do not redistribute without permission. Thank you.

Dairy Report
Dairy- The CME cheese markets have fallen sharply this week. The CME cheese block market is trading at a
historically large premium to the international market. This U.S. premium spread to global cheese is likely to limit exports. The CME cheese markets typically firm over the next two weeks but that is unlikely this year. The CME butter market is softening and may have peaked. Since '07, the average move for the CME butter market during the next seven weeks is 17% lower. Still, slowed milk output may temper any pending decreases in butter prices.

Market Trend Cheese Barrels- CME Cheese 40 lb Blocks- CME American Cheese Cheddar Cheese Mozzarella Cheese Provolone Cheese Parmesan Cheese Butter- One lb Solids Nonfat Dry Milk Whey, Dry Class I Milk Base Class II Cream (Heavy Cream) Class III Milk- CME Class IV Milk- CME Decreasing Decreasing Increasing Increasing Increasing Increasing Increasing Decreasing Decreasing Increasing Steady Increasing Decreasing Decreasing

Supplies Good Good Good Good Good Good Good Good Good Good Good Good Good Good

Price vs. Last Year Lower Higher Higher Higher Higher Higher Higher Higher Higher Higher Higher Higher Higher Higher

Market Report provided by American Restaurant Associationwww.AmericanRestaurantAssociation.com- 888-423-4411

*This data and these comments are provided for information purposes only and are not intended to be used for specific trading strategies. Past financial results are not necessarily indicative of future performance. Any examples given are strictly hypothetical and no representation is being made that a person will or is likely to achieve profits or losses similar to those examples. Neither the information, nor any opinion expressed constitutes a solicitation to buy or sell futures or options on futures contracts or OTC products. Covered parties (as defined below) shall not be liable for any direct, indirect, incidental, special or consequential damages of any kind, whatsoever (including attorneys fees and lost profits or savings) in any way due to, resulting from, or arising in connection with the Market Trends Report, including its content, regardless of any negligence of the covered party including but not limited to technical inaccuracies and typographical errors. Covered Parties is defined as American Restaurant Association Inc., ARA Trading and the employees of both companies. Commodity trading involves risks, and you should fully understand those risks before trading. 2007 American Restaurant Association Inc. This publication is protected under U.S. copyright law. Please do not redistribute without permission. Thank you.

Canned Tomato Report


Tomato Products, Canned- The canned tomato markets are rather stable as the tomato harvest has culminated.
Steady canned tomato prices could persist this fall.

Whole Peeled Standard Diced, Fancy Ketchup, 33% Tomato Paste- Ind.

Market Trend Steady Steady Steady Steady

Supplies Good Good Good Good

Price vs. Last Year Same Same Same Same

Market Report provided by American Restaurant Associationwww.AmericanRestaurantAssociation.com- 888-423-4411

Beef, Veal and Lamb Report


Beef, Veal & Lamb- Beef production last week increased .4% and was 2% more than the same week a year ago.
Cattle slaughter may slow this week due to poor beef packer margins and weakening beef demand. The beef markets could find modest support in the near term. Lower beef end cut markets may still be impending. Various middle meat markets are strong due to holiday season demand. History indicates that the choice tenderloin and ribeye markets may increase 12.6% and 13.2% respectively during the next four weeks. However, an early top in these markets this fall would not be surprising.

Live Cattle (Steer) Ground Beef 81/19 Ground Chuck 109 Export Rib (choice) 109 Export Rib (prime) 112a Ribeye (choice) 112a Ribeye (prime) 116 Chuck (choice) 120 Brisket (choice) 121c Outside Skirt (ch/sel.) 167a Knckle, Trimmed (choice) 168 Inside Round (choice) 174 Short Loin (choice 0x1) 174 Short Loin (prime 2x3) 180 1x1 Strip (choice) 180 1x1 Strip (prime) 180 0x1 Strip (choice) 184 Top Butt, boneless (choice) 184 Top Butt, boneless (prime) 185a Sirloin Flap (choice) 185c Loin, Tri-Tip (choice) 189a Tender (select, 5 lb & up) 189a Tender (choice, 5 lb &up) 189a Tender (prime, heavy) 193 Flank Steak (choice) 50% Trimmings 65% Trimmings 75% Trimmings 85% Trimmings 90% Trimmings 90% Imported Beef (frozen) Veal Rack (Hotel 7 rib) Veal Top Round (cap off)

Market Trend Decreasing Decreasing Decreasing Increasing Decreasing Increasing Decreasing Decreasing Decreasing Decreasing Decreasing Decreasing Decreasing Increasing Increasing Increasing Increasing Increasing Increasing Increasing Increasing Decreasing Increasing Decreasing Decreasing Increasing Increasing Steady Decreasing Increasing Increasing Steady Increasing

Supplies Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good

Price vs. Last Year Higher Higher Higher Higher Lower Higher Lower Higher Higher Higher Lower Higher Higher Higher Higher Higher Higher Higher Higher Higher Lower Higher Higher Higher Lower Lower Lower Higher Lower Higher Higher Higher Higher

Market Report provided by American Restaurant Associationwww.AmericanRestaurantAssociation.com 888-423-4411

*This data and these comments are provided for information purposes only and are not intended to be used for specific trading strategies. Past financial results are not necessarily indicative of future performance. Any examples given are strictly hypothetical and no representation is being made that a person will or is likely to achieve profits or losses similar to those examples. Neither the information, nor any opinion expressed constitutes a solicitation to buy or sell futures or options on futures contracts or OTC products. Covered parties (as defined below) shall not be liable for any direct, indirect, incidental, special or consequential damages of any kind, whatsoever (including attorneys fees and lost profits or savings) in any way due to, resulting from, or arising in connection with the Market Trends Report, including its content, regardless of any negligence of the covered party including but not limited to technical inaccuracies and typographical errors. Covered Parties is defined as American Restaurant Association Inc., ARA Trading and the employees of both companies. Commodity trading involves risks, and you should fully understand those risks before trading. 2007 American Restaurant Association Inc. This publication is protected under U.S. copyright law. Please do not redistribute without permission. Thank you.

Bean, Rice, Coffee and Sugar Report


Pinto Beans Black Beans Rice, Long Grain Coffee Beans Sugar Honey Market Trend Increasing Increasing Steady Decreasing Decreasing Steady Supplies Good Good Good Good Good Good Price vs. Last Year Lower Lower Lower Lower Lower Higher

Paper Product Report


Wood Pulp (paper)

NBSK- Paper napkin 42 lb. Linerboard-corrugated box


Plastic Resins (plastic, foam)

Market Trend Increasing Decreasing Steady Steady

Supplies Good Good Good Good Good

Price vs. Last Year Lower Lower Higher Lower Higher

PS-CHH-utensils, cups, to-go cont. PP-HIGP-heavy grade utensils PE-LLD-can liners, film, bags

Steady

Retail Price Change from Prior Month


Beef and Veal Dairy Pork Chicken Fresh Fish and Seafood Fresh Fruits and Vegetables Apr-11 Increasing Increasing Decreasing Increasing Increasing Decreasing Mar-11 Increasing Increasing Increasing Decreasing Increasing Increasing Feb-11 Increasing Increasing Increasing Increasing Increasing Increasing

Beef, Veal and Lamb Report


Beef, Veal & Lamb- Beef production last week increased .4% and was 2% more than the
same week a year ago. Cattle slaughter may slow this week due to poor beef packer margins and weakening beef demand. The beef markets could find modest support in the near term. Lower beef end cut markets may still be impending. Various middle meat markets are strong due to holiday season demand. History indicates that the choice tenderloin and ribeye markets may increase 12.6% and 13.2% respectively during the next four weeks. However, an early top in these markets this fall would not be surprising.

Live Cattle (Steer) Ground Beef 81/19 Ground Chuck 109 Export Rib (choice) 109 Export Rib (prime) 112a Ribeye (choice) 112a Ribeye (prime) 116 Chuck (choice) 120 Brisket (choice) 121c Outside Skirt (ch/sel.) 167a Knckle, Trimmed (choice) 168 Inside Round (choice) 174 Short Loin (choice 0x1) 174 Short Loin (prime 2x3) 180 1x1 Strip (choice) 180 1x1 Strip (prime) 180 0x1 Strip (choice) 184 Top Butt, boneless (choice) 184 Top Butt, boneless (prime) 185a Sirloin Flap (choice) 185c Loin, Tri-Tip (choice) 189a Tender (select, 5 lb & up) 189a Tender (choice, 5 lb &up) 189a Tender (prime, heavy) 193 Flank Steak (choice) 50% Trimmings 65% Trimmings 75% Trimmings 85% Trimmings 90% Trimmings 90% Imported Beef (frozen)

Market Trend Decreasing Decreasing Decreasing Increasing Decreasing Increasing Decreasing Decreasing Decreasing Decreasing Decreasing Decreasing Decreasing Increasing Increasing Increasing Increasing Increasing Increasing Increasing Increasing Decreasing Increasing Decreasing Decreasing Increasing Increasing Steady Decreasing Increasing Increasing

Supplies Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good

Price vs. Last Year Higher Higher Higher Higher Lower Higher Lower Higher Higher Higher Lower Higher Higher Higher Higher Higher Higher Higher Higher Higher Lower Higher Higher Higher Lower Lower Lower Higher Lower Higher Higher

Market Report provided by American Restaurant Associationwww.AmericanRestaurantAssociation.com- 888-423-4411

Veal Rack (Hotel 7 rib) Veal Top Round (cap off)

Steady Increasing

Good Good

Higher Higher

Oil and Grains Report


Oil & Grains- The U.S. winter wheat crop remains challenged due to the drought blanketing the better part of the
U.S. plains. Wheat prices could be supported in '13 if weather doesn't improve.

Soybeans Crude Soybean Oil Soymeal Corn Crude Corn Oil Distillers Grain, Dry Crude Palm Oil Hard Red Winter Wheat Dark Northern Spring Wheat High Fructose Corn Syrup Durum Wheat

Market Trend Decreasing Decreasing Decreasing Decreasing Decreasing Decreasing Decreasing Increasing Increasing Steady Decreasing

Supplies Good Good Good Good Good Good Good Good Good Good Good

Price vs. Last Year Higher Lower Higher Higher Same Higher Lower Higher Higher Higher Lower

Market Report provided by American Restaurant Associationwww.AmericanRestaurantAssociation.com- 888-423-4411

Dairy Report
Dairy- The CME cheese markets have fallen sharply this week. The CME cheese block market is trading at a
historically large premium to the international market. This U.S. premium spread to global cheese is likely to limit exports. The CME cheese markets typically firm over the next two weeks but that is unlikely this year. The CME butter market is softening and may have peaked. Since '07, the average move for the CME butter market during the next seven weeks is 17% lower. Still, slowed milk output may temper any pending decreases in butter prices.

Market Trend Cheese Barrels- CME Cheese 40 lb Blocks- CME American Cheese Cheddar Cheese Mozzarella Cheese Provolone Cheese Parmesan Cheese Butter- One lb Solids Nonfat Dry Milk Whey, Dry Class I Milk Base Class II Cream (Heavy Cream) Class III Milk- CME Class IV Milk- CME Decreasing Decreasing Increasing Increasing Increasing Increasing Increasing Decreasing Decreasing Increasing Steady Increasing Decreasing Decreasing

Supplies Good Good Good Good Good Good Good Good Good Good Good Good Good Good

Price vs. Last Year Lower Higher Higher Higher Higher Higher Higher Higher Higher Higher Higher Higher Higher Higher

Market Report provided by American Restaurant Associationwww.AmericanRestaurantAssociation.com- 888-423-4411

Pork Report
Pork- Pork output last week fell .6% and was 1.4% smaller than the prior year with hog slaughter declining to its
lowest level in five weeks. This is bringing support to the pork markets. History points to pending weakness in various pork markets. The ham market usually declines 5.4% over the next two weeks. The pork belly market is currently priced 30% above its three year average for the week. Belly prices typically fade 4.3% from here through the end of the month. The downside risk in the baby back rib market may be nominal from here.

Live Hogs Belly (bacon) Spare Rib (4.25 & down) Ham (23-27 lb) Loin (bone-in) Baby Back Rib (1.75 & up) Tenderloin (1.25 lb) Boston Butt, untrimmed 4-8 lb. Picnic, untrimmed SS Picnic, smoker trim boxed 42% Trimmings 72% Trimmings

Market Trend Decreasing Steady Decreasing Steady Decreasing Increasing Increasing Increasing Decreasing Decreasing Increasing Increasing

Supplies Good Good Good Good Good Good Good Good Good Good Good Good

Price vs. Last Year Lower Higher Lower Lower Lower Lower Lower Lower Lower Lower Lower Lower

Market Report provided by American Restaurant Associationwww.AmericanRestaurantAssociation.com- 888-423-4411

Canned Tomato Report


Tomato Products, Canned- The canned tomato markets are rather stable as the tomato harvest has culminated.
Steady canned tomato prices could persist this fall.

Whole Peeled Standard Diced, Fancy Ketchup, 33% Tomato Paste- Ind.

Market Trend Steady Steady Steady Steady

Supplies Good Good Good Good

Price vs. Last Year Same Same Same Same

Poultry Report
Poultry- The weekly ARA chicken cutout index last week fell to its lowest level since
March. Profitability remains a challenge for chicken producers but output rates are above year ago levels. The USDA is calling for total fall chicken output to be up 1.3% versus '11. The chicken wing markets usually trade sideways during November but then rise 10% through mid-February. Any price increases for wings in the coming months may be tempered if production rates continue to trend above prior year levels. The chicken breast markets frequently bottom in early November and continue to trade at engaging price levels for the balance of the year. The egg markets usually trend upward in the coming weeks due to holiday demand.

Whole Chicken (2.5-3 lb-GA) Whole Chicken (LA) Chicken Wings, Whole Chicken Wings, Jumbo Cut Chicken Breast, Bone-In Chicken Breast, Bnless Sknless Chicken Tender (random) Chicken Tender (sized) Chicken Legs (whole) Chicken Leg Quarters

Market Trend Steady Steady Decreasing Decreasing Increasing Steady Steady Steady Increasing Steady

Supplies Good Good Good Good Good Good Good Good Good Good

Price vs. Last Year Higher Higher Higher Higher Higher Higher Higher Higher Higher Higher

Market Report provided by American Restaurant Associationwww.AmericanRestaurantAssociation.com- 888-423-4411

Chicken Thighs, bone in Chicken Thighs, boneless Large Eggs Medium Eggs Whole Eggs- Liq Egg Whites- Liq Egg Yolks- Liq Whole Turkey (8-16 lb) Turkey Breast- Bnls/Sknls

Increasing Decreasing Increasing Steady Increasing Increasing Decreasing Steady Decreasing

Good Good Good Good Good Good Good Good Good

Lower Lower Higher Higher Higher Lower Higher Lower Lower

Seafood Report
Seafood- The shrimp markets remain fairly steady.
U.S. Gulf of Mexico shrimp landings during September were 6.8% more than last year and the best for the month since '09. Yet, current year U.S. Gulf of Mexico shrimp landings through September were 7.7% below a year ago. The U.S. imports the majority of its shrimp consumption needs. A firm U.S. dollar valuation could keep shrimp prices at bay in the coming months.

Salmon, Whole (10-12 lb) Catfish, Filets Trout, Drn. (8-14 oz) Shrimp (16-20 count) Shrimp (61-70 count) Shrimp, Tiger (26-30 count) Snow Crab Legs (5-8 oz) Snow Crab Legs (8 oz up) Cod Tails, 3-7 oz. Frz. Cod Loins, 3-12 oz. Frz. Salmon Portions, 4-8 oz. Frz.

Market Trend Steady Steady Steady Increasing Steady Steady Decreasing Steady Steady Steady Steady

Supplies Good Good Good Good Good Good Good Good Good Good Good

Price vs. Last Year Higher Lower Higher Lower Higher Lower Lower Lower Higher Lower Lower

Market Report provided by American Restaurant Associationwww.AmericanRestaurantAssociation.com- 888-423-4411

Bean, Rice, Coffee and Sugar Report


Pinto Beans Black Beans Rice, Long Grain Coffee Beans Sugar Honey Market Trend Increasing Increasing Steady Decreasing Decreasing Steady Supplies Good Good Good Good Good Good Price vs. Last Year Lower Lower Lower Lower Lower Higher

Paper Product Report


Wood Pulp (paper)

NBSK- Paper napkin 42 lb. Linerboard-corrugated box


Plastic Resins (plastic, foam)

Market Trend Increasing Decreasing Steady Steady

Supplies Good Good Good Good Good

Price vs. Last Year Lower Lower Higher Lower Higher

PS-CHH-utensils, cups, to-go cont. PP-HIGP-heavy grade utensils PE-LLD-can liners, film, bags

Steady

Retail Price Change from Prior Month


Beef and Veal Dairy Pork Chicken Fresh Fish and Seafood Fresh Fruits and Vegetables Apr-11 Increasing Increasing Decreasing Increasing Increasing Decreasing Mar-11 Increasing Increasing Increasing Decreasing Increasing Increasing Feb-11 Increasing Increasing Increasing Increasing Increasing Increasing

Market Report provided by American Restaurant Associationwww.AmericanRestaurantAssociation.com- 888-423-4411

Processed Fruits and Vegetables Report


Processed Fruits and Vegetables- The harvest season for vegetables has ended. The majority of the
processed vegetable markets are firm but could modestly appreciate as we move into '13.

Canned 6/10 Corn, Fancy Whole Kernel Green Beans, Fancy 4 sv Green Peas, Fancy 4 sv/blend Frozen Corn, Cob 96 count Corn, Kernel 12/2.5 lb. Green Beans, Cut 12/2 lb. Green Peas, 12/2.5 lb. Potatoes, FF Fancy, 6/5 lb.

Market Trend

Steady
Steady Steady Steady Steady Steady Steady Steady

Supplies Good Good Good Good Good Good Good Good

Price vs. Last Year Higher Higher Higher Higher Higher Higher Higher Higher

Produce Report
Produce- The Florida tomato harvest is off to a slow start which has kept mature green
tomato prices elevated. This is despite Northeast storm related demand weakness. Better tomato supplies are projected in the coming weeks. The iceberg lettuce market is steady with the chief lettuce supply area currently around Huron, CA. Lettuce prices could become erratic as the crop transitions to the Yuma-Imperial valley. However, no major lettuce supply gaps are anticipated at this time. The yellow onion market has firmed which isn't unusual as the holiday season nears.

Market Trend

Supplies

Price vs. Last Year

Market Report provided by American Restaurant Associationwww.AmericanRestaurantAssociation.com- 888-423-4411

Limes (150 count) Lemons (95 count) Lemons (200 count) Honeydew (6 ct.) Cantaloupe (15 count) Blueberries (12 count) Strawberries (12 pints) Avocados, Hass (48 count) Bananas (40 lb)-Term. Pineapple (7 ct.)- Term. Idaho Potato (60 count) Idaho Potato (70 count) Idaho Potato (70 count)-Term. Idaho Potato (90 count) Idaho Potato #2 (6 oz. min.) Processing Potato (100 lb) Yellow Onions (50 lb) Yellow Onions (50 lb)-Term. Red Onions (25 lb)-Term. White Onions (50 lb)-Term. Tomatoes, (large- case) Tomatoes, (5x6, 25 lb.)-Term. Tomatoes, Vine Ripe, (4x5) Roma Tomatoes (large- case) Roma Tomatoes (xlarge- case) Green Peppers (large- case) Red Peppers (large- 15 lb. cs.) Iceberg Lettuce (24 count) Iceberg Lettuce (24 cnt)-Term.

Increasing Steady Steady Decreasing Decreasing Decreasing Increasing Decreasing Increasing Decreasing Steady Steady Increasing Steady Steady Steady Increasing Increasing Increasing Increasing Decreasing Increasing Increasing Increasing Increasing Decreasing Steady Decreasing Increasing

Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good

Higher Lower Higher Lower Higher Higher Higher Lower Lower Lower Lower Lower Lower Lower Lower Higher Lower Higher Higher Higher Higher Higher Higher Higher Higher Lower Higher Lower Lower

Produce Report (continued)


Leaf Lettuce (24 count) Romaine Lettuce (24 count) Mesculin Mix (3 lb)-Term. Broccoli (14 cnt.) Squash (case) Zucchini (case) Green Beans (bushel) Spinach, Flat 24s Mushrooms (large), Term. Cucumbers, Bushel Pickles (200-300 ct.)-Term. Asparagus (small) Freight (CA to City Avg.) Decreasing Increasing Increasing Increasing Increasing Increasing Decreasing Steady Decreasing Increasing Increasing Decreasing Decreasing Good Good Good Good Good Good Good Good Good Good Good Good Good Lower Lower Higher Lower Higher Higher Higher Higher Higher Higher Lower Higher Lower

Market Report provided by American Restaurant Associationwww.AmericanRestaurantAssociation.com- 888-423-4411

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