Market is mixed. Total beef production for last week was down 2.0% from prior week and down 1.4% compared to same time last year. Total headcount for last week was 626,000 as compared to 630,000 for the same week last year. Live weights for last week were up 2 lbs. from prior week but down 7 lbs. from same time last year. Cattle weight typically move seasonally higher as we move thru year end. The Choice grading percentage remains very high and there have been many reports that Select grade and lower are difficult to come by with shorts and allocations common place. Demand is expected to pick up as we move thru the next few weeks as we prepare for Labor Day and the typical strong grilling demand that comes with it. Demand does generally move lighter once we move past the holiday.
Grinds– Market is steady to slightly firmer. Demand is expected to improve as we move closer to the upcoming holiday.
Loins– Market is mostly steady.
Rounds– Market is steady to slightly lower. Inventories are good for current demand.
Chucks– Market is mostly steady.
Ribs– Market is firmer. Buying interest has been improved over prior weeks and helping to push the market higher.
Market is mixed. Total pork production for last week was up 16.6% from prior week and up 3.8% compared to same time last year. Total headcount for last week 2,320,000 as compared to 2,238,000 for same time last year. Live weights for last week were down 1 lb. from prior week but up 1 lb. from same time last year. Demand is seasonally adjusting and even though production numbers continue strong the market is seeing upward pressure on some cuts. Labor Day is just around the corner and retail advertising will be heavier the new few weeks helping to improve demand.
Bellies– Market is weaker. Heavy production and lighter demand have pushed the market sharply lower over the past few weeks.
Hams– Market is firmer. Improved demand is putting upward pressure on the market. Export interest has been improved over prior weeks.
Loins– Market is mostly steady.
Butts– Market is mostly steady.
Ribs– Market is steady to firmer. Demand is expected to improve as we move closer to the upcoming holiday.
Market is weaker. Total headcount for last week was 168,821,000 as compared to 163,702,000 for the same time last year. Average weights for last week were 6.2 lbs. as compared to 6.15 lbs. for same week last year. Overall demand is well below expectations and putting downward pressure on the market. Higher production numbers are keeping inventories at higher levels and putting downward pressure on pricing.
WOGS– Market is weaker. Current inventory levels are outpacing demand.
Tenders– Market is weaker. Light demand continues to put pressure on the market.
Boneless Breast– Market is weaker. Inventories are available.
Leg Quarters and Thighs– Market is mostly steady.
Wings– Market is steady to weaker. Jumbo and medium wings are seeing average demand and the market is holding steady while small wings are seeing downward pressure.
Market is mostly steady. Total headcount for last week was 4,270,000 as compared to 4,503,0000 for the same week last year. Live weights for last week were 31.23 lbs. as compared to 30.91 lbs. for the same week last year. Eggs sets for last week were down 2.72% compared to same time last year and are down 3.32% for year to date compared to 2017 year to date. Export interest has been improved on some items this week, but overall market is holding mostly steady.
Whole Birds– Market is steady.
Breast Meat– Market is steady.
Wings– Market is steady.
Drums– Market is steady to slightly firmer. Demand has remained good for the past several weeks and this week is showing additional interest in export demand
Market is firmer. Demand in retail segments is improving with the school season and more prominent feature ads. Foodservice segments is reported as good nationally. Seasonal improvements are reported for the institutional segment as schools begin to open across the country.
Gulf Shrimp– Market is mostly steady. Additional fisheries are expected to open as we move into next week with more scheduled over the coming weeks.
Black Tiger Shrimp– Market is mixed. Larger sized shrimp are in limited supply and continue to see upward pressure on the market. Mid-sized and smaller shrimp are in better supply and are seeing downward pressure from the lower priced white shrimp market.
White Shrimp– Market is mixed. The market for product of Latin America has seen upward pressure the past few weeks as product of Ecuador is in tighter supply and putting upward pressure on the market. The market for product of Asia is more unsettled this week as inventories are reported as tightening across the region. However, product of Asia continues to see overall lower prices as compared to other regions.
King Crab– Market is steady to firm. Light inventories continue to keep pressure on the market.
Snow Crab– Market is steady to firm. Demand has been very good and keeping upward pressure on the market.
Warm Water Lobster Tails– Market is unsettled. The market for product of Brazil is holding mostly steady this week as additional product continues to make its way to market. The market for product the Caribbean remains unsettled with limited inventories keeping pressure on the market.
North American Lobster Tails– Market is mostly steady.
Salmon– Market is mixed. The market for farmed salmon is steady to weaker with good inventories for current demand. The market for wild salmon is steady to firmer as inventories are light for current demand.
Cod– Market is firm. Strong global demand continued to keep pressure on inventory levels.
Flounder– Market is firm. Inventories on larger sized product remain in tight supplier and are seeing continued upward pressure on pricing. Smaller sizes are in better supply but seeing additional demand as buyers look to cover their needs.
Haddock– Market is firm. Inventories are light for demand. Recent catches were on larger sized fish and smaller sizes are in tight supply.
Pollock– Market is firm. Demand is very good. The strong demand from other species is impacting this market are buyers look to cover their needs.
Domestic Catfish– Market is steady.
Tilapia– Market is steady.
Swai– Market is unsettled. The market continues to see upward pressure due to ongoing inventory issues due in part to logistical delays with inspections at the port.
Scallops– Market is steady.
Market is slightly firmer. This market has only managed a little over 1-point increase though and still a very attractive buy. Canola imports are lower than last year since poor weather conditions are causing more demand for soy. Exports are strong as countries not impacted by current tariffs have increased their buying patterns of U.S. products. Brazil cannot supply the tonnage that U.S. has for China’s growing appetite for soy products. As U.S. soy exports continue to grow and the weather cooperates for U.S. farmers, this could continue to drive the market.
Market is firmer. The CME Block and Barrel markets both moved higher this week. Western producers report milk volumes are down slightly but adequate for production. Cheddar stocks are balanced in the West and long in some Italian styles. Producers in the region are shifting production schedules to manage demand. In the Midwest some specialty cheese manufacturers are cutting back on production due to lower demand. Nationally, cheddar inventories are steady. With the school season arriving demand has picked up.
Market is firmer. The CME Butter market moved higher this week. In the Western region production has been reduced as a result of lower cream availability. In the Central region demand is meeting expectations for the season. Nationally foodservice segment demand is good and in line with seasonal expectations. Inventory levels are balanced.
Wheat Weekly Market Highlights
Market continues to firm up as wheat futures prices climb over 4% in the past week creating costs at a three-year high. Current inventories are below expectations and well below levels seen for the past few years. Smaller crops in most wheat producing nations are driving business to U.S. which, mentioned in previous market reports, has the smallest percentage of acreage donated to wheat crops in over 100 years. On the U.S. front, weather has helped wheat growing regions to yield the best in 4 years, mills continue to run at full force, and exports keep growing.
Georgia Grown Produce:
|LOCAL PRODUCE – WEEK|
|COLLARDS BUNCH||24||EA||Georgia||Baker Farms||http://www.bakerfamilyproduce.com|
|COLLARDS SPROUT||24||EA||Georgia||Baker Farms||http://www.bakerfamilyproduce.com|
|TURNIP SALAD||24||EA||Georgia||Baker Farms||http://www.bakerfamilyproduce.com|
|JUMBO SWEET POTATO||40||LB||N. C.||Wayne Bailet||http://www.sweetpotatoes.com/|
|#1 SWEET POTATO||40||LB||Alabama||Haynes Farming|