Professional Documents
Culture Documents
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
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
Market Trend Decreasing Decreasing Decreasing Decreasing Decreasing Decreasing Increasing Decreasing Decreasing Increasing Decreasing Decreasing Increasing Increasing Increasing Decreasing Increasing Increasing Increasing Increasing Decreasing Increasing Increasing Decreasing Decreasing Increasing Decreasing Steady 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
Price vs. Last Year Higher Higher Higher Lower Lower Higher Lower Higher Higher Lower Lower Lower Lower Lower Higher Lower Lower Lower Lower Higher Lower Lower Lower Lower Higher Higher Lower Lower Lower Lower
90% Imported Beef (frozen) Veal Rack (Hotel 7 rib) Veal Top Round (cap off)
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 Increasing Increasing Increasing Decreasing Decreasing Steady Steady Increasing Increasing Decreasing Steady
Supplies Good Good Good Good Good Good Good Good Good Good Good
Price vs. Last Year Higher Lower Higher Higher Lower Higher Lower Higher Lower Higher Lower
Dairy Report
Dairy- CME butter prices have softened. American butter stocks were up 17.7% in Feb versus '12 and were the largest for the month since '94. International butter prices continue to trade at a healthy premium to U.S. butter which is supporting exports. Still, it may take a few months to clean up the excess butter stocks. The butter market could face weakness in the near term. CME cheese prices are mixed. U.S. cheese inventories in Feb were 4.5% above a year ago and were the highest for the month since '84. This may limit seasonal price increases for cheese this spring.
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 Increasing Increasing Increasing Increasing Increasing Increasing Decreasing Decreasing Decreasing Decreasing Decreasing Decreasing Decreasing
Supplies 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 Lower Higher Higher Higher Higher
Pork Report
Pork- Pork output last week decreased 1.2% but was 1.4% larger than the previous year. Pork production is being curbed this week due to the Easter holiday which could support pork prices next week. The price tendency for pork over the next few months is usually higher. But, the USDA is forecasting production to be .9% larger than '12 which may temper any significant price gains. Feb 28th U.S. frozen pork holdings were up 2.3% versus '12 but belly stocks were historically limited. Pork belly prices are usually flat during Apr.
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 Increasing Steady Decreasing Increasing Decreasing Decreasing Decreasing Steady Steady Decreasing
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 Higher Higher Lower
Poultry Report
Poultry- Recent data points to expanding chicken production this spring. The daily average broiler-type chick hatch during Feb was 1.3% larger than last year. Average daily pullet placements in Feb were up 5.5% compared to the previous year. The chicken breast markets are firming at a stronger rate than usual for the winter and early spring. But, further market gains for chicken breasts this spring may be tempered due to better production. The ARA jumbo cut chicken wing index has fallen 17.5% from its Jan peak. This time last year, this index only declined 6.7% from its winter peak which suggests that larger chicken output is compounding wing price losses this year. th Feb 28 cold storage chicken inventories were up 6% versus '12.
Whole Chicken (2.5-3 lb-GA) 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
Market Trend Increasing Decreasing Increasing Increasing Increasing Steady Steady Increasing Steady Increasing
Supplies Good Good Good Good Good Good Good Good Good Good
Price vs. Last Year Higher Lower Lower Higher Higher Lower Lower Lower Higher Higher
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
Seafood Report
Seafood- Shrimp prices are rising.
Gulf of Mexico shrimp landings in Feb were 7.2% below '12. Further, year-to-date Gulf of Mexico shrimp landings through Feb were also 7.2% less than the three-year-average. This was due in part to high fuel costs that have challenged fisherman margins. Still, the recent surge in the U.S. dollar valuation may improve U.S. shrimp imports. History points to higher shrimp markets this spring.
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 Increasing Increasing Decreasing Steady Steady Steady Increasing
Supplies Good Good Good Good Good Good Good Good Good Good Good
Price vs. Last Year Same Lower Higher Higher Higher Lower Lower Lower Lower Lower Lower
PS-CHH-utensils, cups, to-go cont. PP-HIGP-heavy grade utensils PE-LLD-can liners, film, bags
Steady
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
Price vs. Last Year Higher Higher Higher Higher Higher Higher Higher Higher
Produce Report
Produce- The chief lettuce harvest has begun to transition to Huron CA. Favorable weather this week in CA is likely to enhance the lettuce crops. Iceberg lettuce prices are finally trending lower but are still historically inflated. The downside risk for the lettuce markets from here could be notable. Early spring cold temperatures in FL may hinder tomato crop output in the coming days which could provide support to the tomato markets. The mature green tomato market usually moves up 8.2 % over the next two weeks. Modestly higher ID potatoes prices are anticipated in the coming months.
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 Decreasing Steady Steady Decreasing Decreasing Steady Decreasing Increasing Increasing Increasing Steady Steady Decreasing Steady Decreasing Steady Increasing Decreasing Decreasing Decreasing Decreasing Decreasing Increasing Decreasing Decreasing Increasing Decreasing Decreasing Decreasing
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
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