Quandt’s Foodservice Distributors, Inc. Amsterdam, New york

Trends & Recipes

Market Update -January 30,2012

Fresh Produce- Keith Mahler Jr. Ext.1914

Lettuce-Demand is slow with supply heavy

Squash-Starting to drop

Citrus-Supply is strong with very good quality

Tomato-Market continues to drop with heavy supply

Mushroom-All NYS supply is good

 

Beef,Poultry,Dairy,Oil, Flour – Neil Sheehy Ext.1924

Beef
Rounds and striploin markets down slightly. Ribeye market is steady. Tenderloins are on the rise. Overall Markets are down.

 

 

 
Poultry
Due to further poultry cutbacks the chicken cutout value should remain firm. In fact, record high wing prices are likely to occur soon. The same may hold true for chicken leg quarter prices as well. Chicken breast prices remain firm

 

 

 
Milk
On the east coast, milk production is on the rise as well, with steady fluid demand there is more milk available for manufacturing into storable products. In Florida conditions are reported to be deteriorating for farms as cold and dry weather is limiting pasture growth. Milk production levels in the region have flattened out, but steady fluid demand has kept the market mostly in balance.

 

 

 
Cheese
Cheese markets are weak. Prices fell during most trading sessions at the CME last week on somewhat light volume. Block and barrel prices are now just above the 1.50 mark – a level that has not been seen since January 20th, 2011. With the drop in US prices, domestic buying may start to pick up as buyers start to look for a short term bottom.

 
Butter Butter markets are also weak. CME spot prices moved down 3 of the 4 sessions on zero trades during the past holiday shortened week. Cream supplies have been readily available to churns so far this year, and as a result butter production is seasonally strong. This strong production in light of seasonally lower demand is allowing inventories to build.

 

 

 

 

 
Oil
As expected this week, we saw two-sided trading that was based on the constant change in the South American forecasts and flip-flopping between concern and optimism over the European Debt crisis. At the end of the week, we had two days of the market rallying and two days of the market selling off which ended with the market closing just 14 ticks higher from last Friday.

 
Flour
Wheat futures prices are choppy this week – up one day, down the next, and then up again. Basis levels are up this week with spring wheat leading the way.

 

 

 

 

 
Sugar
Raw-sugar futures for March delivery rose 0.3 percent to 24.96 cents a pound in New York. The price advanced for the sixth straight session, the longest rally since November 2010. The commodity has climbed 7.1 percent in January. Sugar futures remain bullish

 

 

 

 

 

Fresh Seafood – Rick Knapp ext. 1935

Groundfish
 

 

 

 Haddock and Pollock landings have increased, but Cod      remains very tight. Prices have dropped on Haddock and  Halibut but prices remain high for all species.

 

 

 
Shellfish Cold weather has slowed harvesting of shellfish in the        northeast, but there has been adequate supply to meet demand

 

 

 
Lobster Tails Canadian lobster tail market pricing is steady to slightly rising and inventories are reported as stable.  Please keep in mind that the next fishing season is not until spring. This may cause a spike in pricing as Valentines day approaches.

 

 

 


If you are looking for a special seafood item and you need it right away, ask your Quandt’s sales representative about our 12:00 pm cut off for next day delivery .We allow you more time to plan for your seafood needs.