Professional Documents
Culture Documents
November 1, 2013
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 90% Imported Beef (frozen) Veal Rack (Hotel 7 rib)
Decreasing
n/a
Increasing Decreasing Decreasing Increasing Increasing Decreasing n/a Increasing n/a Increasing Increasing n/a Decreasing Increasing Increasing Increasing n/a Decreasing Increasing Increasing n/a
Increasing
Decreasing Decreasing Steady
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
Price vs. Last Year Higher Lower Lower Lower Higher Higher Higher Higher Lower Lower Lower Higher Lower Lower Lower Higher Lower Lower Higher Higher Higher Lower Higher Higher Higher Higher Higher Higher Lower Lower Lower Higher
Steady
Good
Higher
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 Durum Wheat
Market Trend Decreasing Decreasing Decreasing Decreasing Steady Decreasing Increasing Decreasing Decreasing Decreasing Steady
Supplies Good Good Good Good Good Good Good Good Good Good Good
Price vs. Last Year Lower Lower Lower Lower Lower Lower Higher Lower Lower Lower Lower
Dairy Report
Dairy- The CME cheese markets continue to firm due in a large part to seasonally strong domestic demand. History suggests that lower cheese prices should be anticipated in the coming weeks as demand fades. Last year, the CME cheese block market declined 13.5% during November. Solid export demand could temper the downside in cheese prices this fall. August U.S. cheese exports were 40% larger than last year and a record. U.S. butter exports during the month were up 211% versus the previous year. Some butter market depreciation is anticipated later this year.
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 Increasing Increasing Decreasing Decreasing Increasing Increasing Increasing Increasing n/a n/a Steady Decreasing Increasing Increasing
Supplies Good Good Good Good Good Good Good Good Good Good Good Good Good Good
Price vs. Last Year Lower Lower Lower Lower Lower Lower Lower Lower Higher Lower Lower Lower Lower Higher
Pork Report
Pork- Pork production last week declined 1.2% and was 3.7% less than 2012. Hog supplies have been disappointing but rising hog weights suggest that hog slaughter should build some soon. New cases of Porcine Epidemic Diarrhea virus have been reported during the last week which is discouraging news for hog supplies next spring. The pork markets are mostly weakening despite the smaller pork production. If hog slaughter does modestly escalate as anticipated in the coming weeks it could weigh further on pork prices.
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 Decreasing Decreasing Increasing Decreasing Decreasing Decreasing Increasing Decreasing Decreasing Decreasing Decreasing
Supplies Good Good Good Good Good Good Good Good Good Good Good Good
Price vs. Last Year Higher Lower Higher Higher Higher Lower Higher Higher Higher Higher Higher Higher
Whole Peeled Standard Diced, Fancy Ketchup, 33% Tomato Paste- Ind.
Poultry Report
Poultry- Chicken production for the week ending October 19th rose 2.2% from the previous week and was 3.9% larger than the same week a year ago. Strong chicken production gains versus 2012 are projected to persist this fall. The USDA is projecting fourth quarter 2013 chicken output to trend 3.8% above last year. Most of the chicken markets, including wings, are softening in response to the solid chicken production. The ARA chicken wing index has declined 7.6% during October. The five year average price trend for chicken wings during the month is up 1.3%. The seasonal upside price risk in chicken wings through the Super Bowl peak may be very limited this time around. Chicken breast prices could find support soon.
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 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 Decreasing Decreasing Decreasing Decreasing Decreasing Steady Steady Decreasing Decreasing Decreasing Decreasing Increasing Increasing Increasing Increasing Decreasing Steady Decreasing
Supplies Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good
Seafood Report
Seafood- Inflated price levels have encouraged better U.S. shrimp imports.
The U.S. imported 3.5% more shrimp in August compared to the prior year. Still, Thailand, the world's largest exporter, continues to have problems with their shrimp farms. Consequently, U.S. shrimp imports from Thailand during August were 56% less than 2012. Relatively elevated shrimp prices are expected to persist during November. U.S. snow crab imports during August were 30% larger than the previous year.
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 n/a n/a n/a Steady Steady Steady Steady Steady Steady Increasing Increasing
Supplies Good Good Good Good Good Good Good Good Good Good Good
Price vs. Last Year n/a n/a n/a Higher Higher Higher Higher Higher Lower Lower Higher
PS-CHH-utensils, cups, to-go cont. PP-HIGP-heavy grade utensils PE-LLD-can liners, film, bags
Steady
Steady
Steady Steady Steady Steady Steady Steady Steady
Produce Report
Produce- Lettuce supplies are slowly improving with shipments last week rising 4% from the prior week. As the crop transitions south again to the Yuma- Imperial Valley in the coming weeks lettuce supplies should improve further. Thus, lower lettuce prices are anticipated in November. Conversely, eastern tomato supplies could remain somewhat limited during the next few weeks which may be supportive of the tomato markets. Notable eastern tomato supply relief is not anticipated until later next month. The potato markets are fairly steady but further declines may be pending this fall.
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)
Market Trend Increasing Decreasing Increasing Increasing Steady Decreasing Steady Steady Decreasing Increasing Decreasing Decreasing Increasing Decreasing Decreasing n/a Increasing Decreasing Decreasing Increasing Increasing Decreasing Increasing Decreasing Decreasing n/a
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
Price vs. Last Year Higher Higher Higher Higher Higher Higher Lower Lower Higher Higher Higher Higher Higher Higher Higher Lower Higher Higher Lower Higher Higher Lower Higher Higher Higher Higher
Red Peppers (large- 15 lb. cs.) Iceberg Lettuce (24 count) Iceberg Lettuce (24 cnt)-Term.