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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 Increasing Decreasing Increasing Decreasing Decreasing Increasing Decreasing Decreasing Decreasing Decreasing Increasing Increasing Decreasing Decreasing Increasing Decreasing Increasing Decreasing Increasing Decreasing Decreasing Decreasing Decreasing Increasing Increasing Steady 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 Good
Price vs. Last Year Lower Lower Lower Lower Lower Lower Lower Higher Higher Lower Higher Lower Higher Lower Higher Lower Higher Higher Higher Higher Lower Lower Lower Lower Higher Higher Higher 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 Decreasing Increasing Increasing Increasing Decreasing Decreasing Decreasing Increasing Increasing Increasing
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- The international cheese markets are inflated which continues to support global demand for U.S. cheese. The CME cheese markets are trending higher. Still, abundant domestic cheese stocks could temper further market gains for cheese in the near term. CME butter prices are tracking upward as well. The USDA is forecasting domestic milk production during Q2 to be .6% greater than '12. If dairy farmer margins remain attractive, milk output may be better than anticipated this summer. In turn, the usual summer rally for cheese and butter could be less intense.
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 Increasing Increasing Increasing Steady Steady Increasing Increasing Steady Steady Increasing Increasing Steady
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 Higher Higher Higher Higher Higher
Pork Report
Pork- Pork output last week fell .6% but was .8% more than '12. The USDA is estimating Q2 pork production to be 1% larger than a year ago. This could temper expected seasonal price increases for pork this spring. Pork demand remains sluggish due in part to continued trade restrictions on U.S. pork from China and Russia. Still, the pork markets usually firm this time of year. Since, 08, the average move during the next two weeks for the pork belly market is 5.8% higher. Mar U.S. retail pork prices were 1.6% below '12 but the highest since Dec.
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 Decreasing Decreasing Increasing Increasing Increasing Increasing Increasing
Supplies Good Good Good Good Good Good Good Good Good Good Good Good
Price vs. Last Year Lower Higher Lower Higher Lower Lower Lower Lower Higher Lower Higher Higher
Whole Peeled Standard Diced, Fancy Ketchup, 33% Tomato Paste- Ind.
Poultry Report
Poultry- Spot feed costs for chicken producers are the lowest since last Jun which
should encourage chicken production. The six-week moving average for broiler type egg sets has trended lower recently but is still .9% better than '12. Chicken output in Q2 is projected by the USDA to be 1.8% larger than last year. This may temper price gains for the chicken cutout this spring. The boneless skinless chicken breast market is the highest since Sept but the upside risk from here may be small. The jumbo cut chicken wing market typically trends 6.4% lower over the next three weeks. Chicken leg quarter prices usually remain firm through early Jun. U.S. retail chicken prices in Mar were up 4.2% versus '12 and the highest for the month on record.
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 Decreasing Increasing
Supplies Good Good Good Good Good Good Good Good Good Good
Price vs. Last Year Higher Lower Lower Higher Higher Lower Lower Higher 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- Snow crab prices are mixed.
The Bering Sea snow crab season is ending with only 5% of the allotted catch remaining. The Canadian snow crab season is here and the combined Newfoundland/St. Lawrence quota this year is 3.6% more than '12. Newfoundland fishermen are facing a 6.2% lower snow crab price from processors which is slowing initial landings. This may support snow crab prices in the near term. Mar U.S. retail seafood prices were up .8% versus a year ago and a record.
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 Steady Steady Steady Decreasing Increasing Decreasing Decreasing Steady
Supplies Good Good Good Good Good Good Good Good Good Good Good
Price vs. Last Year Same Lower Same Lower Higher Higher Lower Higher 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- Tomato supplies in FL are building which is typical during the spring. Total
shipments from the state last week were 7% better than the prior week. The mature green tomato markets remain above year ago levels but usually decline over the next few weeks. Iceberg lettuce shipments from central CA last week were 27% more than the previous week. Lettuce supplies are typically harvested from Salinas CA during the next several months. Iceberg lettuce prices are normally choppy during May. The yellow onion markets are trending lower and usually decline 15% in May.
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 Increasing Increasing Increasing Decreasing Increasing Decreasing Increasing Increasing Increasing Increasing Increasing Increasing Increasing Increasing Steady Decreasing Decreasing Increasing Decreasing Decreasing Decreasing Decreasing Decreasing Decreasing Decreasing Increasing 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
Price vs. Last Year Higher Lower Lower Lower Lower Higher Lower Lower Lower Lower Lower Lower Lower Lower Lower Lower Higher Higher Higher Higher Higher Higher Higher Higher Higher Lower Higher Higher Higher