Beef, Veal and Lamb Report

Beef, Veal & Lamb- Beef production last week was 3.7% larger than the same week a year ago. Cattle supplies are projected to tighten considerably this fall which should cause beef output to trend well below 2012. U.S. beef exports during July were 15.7% larger than last year while beef imports were .7% less than 2012 and the smallest for the month in sixteen years. If U.S. beef imports remain challenged in the coming months it, along with reduced cow slaughter, could temper any seasonal depreciation in the lean beef trim markets. The same could hold true for 50% beef trim due to smaller cattle slaughter.

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 Increasing Decreasing Increasing Decreasing Decreasing Decreasing Increasing Decreasing Increasing Decreasing Decreasing Decreasing Decreasing Decreasing Increasing Decreasing Decreasing Decreasing Increasing Increasing Decreasing Decreasing Decreasing Decreasing Decreasing 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 Lower Lower Lower Higher Lower Higher Lower Lower Lower Higher Lower Lower Lower Lower Higher Lower Higher Higher Lower Lower Lower Lower Lower Lower Higher Higher Higher Lower Lower

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90% Imported Beef (frozen) Veal Rack (Hotel 7 rib) Veal Top Round (cap off)

Decreasing Steady Steady

Good Good Good

Lower Higher Higher

Oil and Grains Report

Oil & Grains- Coffee prices remained depressed but the downside market risk is likely limited from here. Coffee
prices have not traded appreciably below $1.00 in ten years.

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 Increasing Decreasing Decreasing Decreasing Decreasing Decreasing Decreasing

Supplies Good Good Good Good Good Good Good Good Good Good Good

Price vs. Last Year Lower Lower Lower Lower Lower Lower Lower Lower Lower Lower Lower

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Dairy Report
Dairy- CME cheese prices have firmed during the last week as the milk supply for cheese production is seasonally waning. History tell us that modestly higher cheese prices are likely in the coming weeks. The five year average move for the CME cheese block market during the next two weeks is 5% higher. However, unless international cheese prices appreciate soon, U.S. cheese exports could slow which may temper any pending cheese price appreciation. The butter market appears to be finding some footing. Modestly higher butter prices may be forthcoming.

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 Increasing Increasing Increasing Increasing Increasing Steady Increasing Increasing Increasing

Supplies Good Good Good Good Good Good Good Good Good Good Good Good Good Good

Price vs. Last Year Higher Same Higher Lower Lower Lower Lower Lower Higher Lower Higher Lower Lower Higher

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Pork Report
Pork- Pork output last week was 4.5% less than the same week a year ago. Pork packers continue to slow production due to challenging margins. This could be supportive of the pork markets during the next few weeks. Thereafter we look for lower pork prices. The one exception could be the ham markets which may be supported in October due to processor demand for the holidays. U.S. pork exports in July were essentially flat with the prior year despite no trade with Russia and a 20% decline in trade with China.

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 Increasing Increasing Decreasing Decreasing Increasing Increasing Increasing Increasing Increasing Increasing Increasing Increasing

Supplies 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

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Canned Tomato Report

Tomato Products, Canned- The California tomato harvest has fallen behind last year's pace but remains
historically solid. The markets are steady.

Whole Peeled Standard Diced, Fancy Ketchup, 33% Tomato Paste- Ind.

Market Trend Steady Steady Steady Steady

Supplies Good Good Good Good

Price vs. Last Year Same Same Same Same

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Poultry Report
Poultry- Chicken production for the last week of August rose 4.1% from the previous week and was 8.1% larger than the same week a year ago. Strong broiler egg set numbers suggest that solid chicken output gains versus 2012 can be anticipated this fall. The six week moving average for broiler egg sets is 4% more than last year marking the biggest increase since the fall of 2010. During that same fall, the boneless skinless chicken breast market declined 30% from this week to its bottom as production expansion caused chicken breast supplies to overwhelm demand. The chicken wing markets remain relatively firm with demand anticipated to escalate next month. Usually the chicken wing markets rise roughly 5% during October.

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 Steady Increasing Increasing Decreasing Decreasing Decreasing Decreasing Decreasing Steady Decreasing Decreasing Increasing Decreasing Steady Decreasing Decreasing Increasing Increasing

Supplies 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 Higher Higher Higher Higher Lower Higher Higher Higher Higher Higher Higher Higher Lower Lower Lower

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Seafood Report
Seafood- U.S. shrimp imports during July were 14% smaller than the previous year due
to continued challenges with the Thailand shrimp supply. U.S. shrimp imports from Thailand during the month were down 58% from last year and the second smallest for any month since June 2004. Shrimp prices could remain inflated during the next few months as roughly 90% of the shrimp consumed in the U.S. is sourced from abroad.

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 Increasing Increasing Steady Steady Steady Steady Steady 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

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Bean, Rice, Coffee and Sugar Report

Pinto Beans Black Beans Rice, Long Grain Coffee Beans Sugar Honey Market Trend Steady Steady Steady Increasing Steady Steady Supplies Good Good Good Good Good Good Price vs. Last Year Higher Higher Higher Lower Lower Higher

Paper Product Report

Wood Pulp (paper)

NBSK- Paper napkin 42 lb. Linerboard-corrugated box

Plastic Resins (plastic, foam)

Market Trend Decreasing Increasing Steady Increasing

Supplies Good Good Good Good Good

Price vs. Last Year Higher Higher Higher Higher Higher

PS-CHH-utensils, cups, to-go cont. PP-HIGP-heavy grade utensils PE-LLD-can liners, film, bags

Steady

Retail Price Change from Prior Month

Beef and Veal Dairy Pork Chicken Fresh Fish and Seafood Fresh Fruits and Vegetables Jul-13 Increasing Decreasing Increasing Decreasing Increasing Increasing Jun-13 Increasing Decreasing Increasing Increasing Increasing Decreasing May-13 Increasing Decreasing Increasing Decreasing Decreasing Increasing

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Processed Fruits and Vegetables Report

Processed Fruits and Vegetables- Overall processed vegetable supplies are improving with the new harvests.
The processed vegetable markets may remain relatively firm.

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

Supplies Good Good Good Good Good Good Good Good

Price vs. Last Year Higher Lower Higher Lower Higher Higher Higher Lower

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Produce Report
Produce- The tomato markets continue to be supported by limited supplies.
California tomato shipments have remained below year ago levels while the challenging weather has limited the east coast supply this summer. The chief eastern tomato harvest region will transition south in the coming weeks which eventually could bring more stability to tomato supplies and prices. The Idaho potato markets remain inflated as the harvest is behind. As of September 8th, just 5% of the crop was in the bin. Lower potato prices are expected next month as the Idaho harvest builds.

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.

Market Trend Decreasing Steady Decreasing Steady Decreasing Increasing Steady Increasing Decreasing Increasing Decreasing Decreasing Increasing Decreasing Decreasing Steady Increasing Decreasing Increasing Increasing 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

Price vs. Last Year Higher Higher Higher Lower Lower Higher Higher Higher Lower Lower Higher Higher Higher Higher Higher Lower Higher Lower Lower Higher Higher Higher

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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.

Decreasing Increasing Decreasing Increasing Decreasing Increasing Decreasing

Good Good Good Good Good Good Good

Higher Lower Lower Higher Higher Lower Lower

Produce Report (continued)

Leaf Lettuce (24 count) Romaine Lettuce (24 count) Mesculin Mix (3 lb)-Term. Broccoli (14 cnt.) Squash (case) Zucchini (case) Green Beans (bushel) Spinach, Flat 24s Mushrooms (large), Term. Cucumbers, Bushel Pickles (200-300 ct.)-Term. Asparagus (small) Freight (CA to City Avg.) Decreasing Decreasing Increasing Increasing Decreasing Decreasing Decreasing Increasing Increasing Increasing Steady Decreasing Increasing Good Good Good Good Good Good Good Good Good Good Good Good Good Higher Lower Higher Lower Lower Lower Higher Lower Higher Higher Higher Higher Higher

Market Report provided by American Restaurant Associationwww.AmericanRestaurantAssociation.com- 888-423-4411