Trends & Recipes
Market Update -May 14,2012
Fresh Produce-Bonni Douglass Ext.19
| Lettuce-Market still up but becoming steady. Epidermal Peel & Blister has been on ongoing problem.
Squash-Leveling out with good supply and demand. Citrus-Supply is strong with very good quality on Oranges. Lime supply is back on track and lemon harvest is in full swing. Tomato-Good quality on 5×6,6×6,6×7, Cherry and Grape. Market up on all varieties. Mushroom-All NYS supply is good. Peppers- Down slightly from the jump 2 weeks ago. Will remain steady through next week
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Beef,Poultry,Dairy,Oil, Flour, Cheese,Butter,Sugar – Neil Sheehy Ext.1924
Beef-Since ’09, choice top butt, 0×1 strip and 50% beef trimming prices faded over the next 7 weeks. The Australian dollar continues to weaken versus the US dollar. This is a
promising sign for 90% lean boneless beef trimming imports.
Poultry-Elevated feed costs remain a major factor behind chicken producer’s poor margins. In ’09, a similar year to ’12 with reduced production, chicken breast prices rose 8% from now into July. For chicken leg quarter prices it was 20% during that same time period
Milk-Across much of the east coast, milk production is steady to higher as pasture growth is helping production to increase. Meanwhile, production in Florida is starting to decline more strongly due to increasing heat and humidity in the state.
Oil-Fund selling continues to pressure all commodities – especially soybeans, funds sold more than 24,000 contracts of soy oil in the last two weeks and more than
32,000 contracts of soybeans in just the last week. So no matter how fundamentally bullish you are – they will force this market down – at least for now.
Flour-Wheat futures prices continued on a downslide all week. Spring wheat planting continues to surge ahead of the 5 year average with 37% completed as of April 15th. U.S.
wheat exports last week were reported down 19% from prior week.
Cheese-Cheese markets are mixed. Block prices at the CME held steady throughout the entire week, but barrels moved both higher and lower during the week as buyers and sellers are
trying to determine where prices should be given the underlying fundamentals. On the supply side, production continues to be strong due to strong milk production levels.
Butter-Butter markets are weak. Prices continue to come under pressure at the CME as the weight of very strong production continues to drag prices lower. Cream supplies are heavy both as a result of strong production and weak demand for ice cream.
Sugar-Strong cane harvests in key growing regions like Brazil, India, and Thailand have depressed sugar prices. Overall market will remain soft in the short term.
Fresh Seafood – Rick Knapp ext. 1935
Wild Salmon-Beginning next week you will begin to see Copper River wild salmon. These salmon are the elite of the salmon chain. Pricing will reflect the beginning of the season, but as the season progresses markets will decline.
Haddock- We are still a couple of weeks away from seeing new areas opened for Haddock harvesting, until then expect the market to remain high.
Salmon-Mothers Day demand has kept the salmon market high. expect demand to soften and markets to begin to drop.
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