Market is steady to firmer. Total beef production for last week was down 0.4% from prior week but up 3.2% compared to same time last year. Total headcount for last week was 639,000 as compared to 623,000 for the same week last year. Live weights for last week were up 3 lbs. from prior week and even with same time last year. Inventories have been varied between packers this week with prices scattered based on availability. Inventories have tightened up more as the week progressed with suppliers raising asking prices on several cuts. Colder temps are starting to set in across the country and retail advertising has been improved.
Grinds– Market is steady to firmer. The market has seen some weakness coming into this week, but improved demand and tighter inventories helped to push the market higher as we moved thru the week.
Loins– Market is mostly steady.
Rounds– Market is steady to firmer. Improved demand and tighter inventories are putting upward pressure on the market.
Chucks– Market is mostly steady. The market has held its ground this week after seeing downward pressure the past few weeks. Retail advertising is expected to be very good as we move thru the next few weeks.
Ribs– Market is firm. Demand is very good and putting pressure on availability. Demand is expected to be seasonally strong as we move into December.
Market is mixed. Total pork production for last week was down .05% from prior week and down 1.8% compared to same time last year. Total headcount for last week was 2,489,000 as compared to 2,512,000 for the same week last year. Live weights for last week were even with prior week but down 2 lbs. from same time last year. Production is seasonally higher as we move thru October and into December. Production is expected to be at record levels as we move thru the next few weeks. The high production numbers are expected to make the market more unsettled as we move thru the next several weeks as inventories become more available.
Bellies– Market is unsettled. The belly market rocketed higher over the past month and is seeing buyer resistance as we moved into this week. Heavy production numbers are putting additional pressure on the market as we move into next week.
Hams– Market is weaker. Heavy production numbers are putting pressure on the market.
Loins– Market is mixed. Availability has been more mixed this week between packers causing pricing to be varied. Retail demand was lighter as we moved into this week.
Butts– Market is steady to weaker. Demand is lighter and putting pressure on the market.
Ribs– Market is mostly steady.
Market is steady. Total headcount for last week was 163,896,000 as compared to 165,868,000 for the same time last year. Average weights for last week were 6.26 lbs. as compared to 6.28 lbs. for the same week last year. Overall demand remains steady. Supply is adequate to cover almost all lines of business. Export demand remains weak steady regarding moving leg quarters and dark meat.
WOGS– Market is steady to firm. Demand for cutting stock WOGS (3lbs & up) is full steady. Retail and foodservice demand for smaller WOGS also remains steady. Processors have been able to the support the demand, but supply is tight.
Tenders– Market is steady. Demand is active enough to move available supply. Market remains flat.
Boneless Breast– Market is weak. After last week’s downward market correction on jumbo boneless, trading is now closer to the market. Demand for medium and small boneless continues to be strong enough to keep the market unchanged.
Leg Quarters and Thighs– Market is steady to weak. Leg quarter demand from the export and domestic sectors is about steady, but barely good enough to keep the market flat. Demand for whole legs is weak and is putting downward pressure on the market.
Wings– Market is mixed. Demand for small wings is steady. Supply side is adequate to fill orders. Demand for jumbo and medium wings is being reported as weak and the market is feeling downward pressure.
Market is full steady. Total headcount for last week was 4,477,000 as compared to 4,470,000 for the same week last year. Average weights for last week were 30.68 lbs. as compared to 31.24 lbs. for the same week last year. Egg sets for last week were down 2.19% from prior week and are trending down 2.52% for year to date versus same time last year. Demand for whole birds and parts is strong as seasonal activity continues to be vibrant.
Whole Birds– Market is full steady. As previously booked loads are shipping this month, not a lot of new activity is being reported. Sellers continue to hold firm on spot loads and additional demand.
BreastMeat– Market is full steady. Strong demand is being reported from both consumer and foodservice channels. Supply side is tight.
Wings– Market is strong. Demand on two joint and whole wings is strong and supply side is not fully adequate.
Drums– Market is full steady. Demand is strong, supply is tight, and markets are fully supported.
Market is steady. Demand from the retail sector is being reported as fair. Reports on foodservice demand also show average to fair demand. Trading on excess supply is creating downward pressure on the market. Supply on all sizes is being reported as available. National weekly shell egg inventory reports show egg inventory up 1.6% over last week.
There is a 10% tariff on Chinese exports in place that took effect on September 24th. This is set to increase to 25% on January 1st.
Gulf Shrimp– Market is unsettled. Inventories are varied by supplier. White shrimp are in tighter supply and have seen upward pressure the past several weeks. The recent hurricane hampered production in the gulf and is helping to keep the market unsettled.
Black Tiger Shrimp– Market is mixed. The market for large shrimp is steady to firm with limited inventories. The market for mid and smaller sized shrimp is steady to weaker with good inventories for current demand. The white shrimp market is putting continued pressure on prices.
White Shrimp– Market is mostly steady. Demand is seasonally slower, but holiday demand is just around the corner and helping to keep the market mostly steady currently.
King Crab– Market is firm. Inventories are limited for an active demand. Demand is Asia is very active and putting pressure on available inventories.
Snow Crab– Market is firm. Demand has been good and is helping to hold the market at higher levels.
Warm Water Lobster Tails– Market is firm. Demand is very good. Inventories have been limited for several months and new season product is moving quickly and not allowing inventories to build.
North American Lobster Tails– Market is steady to firmer. Inventories are limited and putting pressure on the market. The bulk of current production is going towards filling contracts and additional inventories are in tight supply.
Salmon– Market is steady to firmer. The market for farmed salmon is steady to firmer this week. The market for product of Europe is firm with light inventories for current demand. Severe weather has hampered production coming into this week. The market for product from Chile was steady coming into this week but production has been slower due to the holiday week there. The market for wild salmon is firm due to limited inventories for a good demand.
Cod– Market is steady but firm. Inventories are light for current demand. Demand in Europe is very strong and putting additional pressure on the market. Quota cuts are expected to keep pressure on inventories as we move into next year.
Flounder– Market is firm. Lighter than expected production numbers are keeping pressure on inventories that are already light for current demand. Larger sized fillets remain in very light supply.
Haddock– Market is firm. Global demand is strong and keeping pressure on the market. Larger sized product is very limited.
Pollock– Market is firm. Demand is very good. Both domestic demand as well as demand in Europe is strong and putting pressure on inventories.
Domestic Catfish– Market is steady.
Tilapia– Market is firmer. Demand has been more active as buyers look to cover their needs before the additional tariff takes place at year end. 10% tariffs went into place on 9-24 and have been announced that they will increase to 25% at year end.
Swai– Market is firm. The market has been firm for multiple months due to tight inventories, additional production costs, and higher logistical costs. Imports are expected to improve over the coming weeks and help relieve current inventory levels. Smaller sized fillets have seen additional pressure over the past few weeks.
Scallops– Market is steady to firmer. The domestic market has seen upward pressure the past several weeks as production has slowed but demand has been good. The rest of the market is holding mostly steady.
Market is soft. Good weather conditions in the US soy growing regions continue to support banner crop predictions through harvest. A record carryover due to lower than expected exports should keep pressure on this market.
Market is unsettled. The CME Block and Barrel markets have moved both higher and lower this week. Concerns continue as the gap between barrel and block prices remains high. National demand for cheese is steady. However, milk supply remains regionally tight as cheese producers compete for available milk loads. In the Midwest barrel inventories are long. Demand for pizza cheeses is strong. In the Northeast demand is good across all categories. Western producers are operating at capacity for cheddar production. Both retail and foodservice segment demand is strong.
Market is unsettled. The CME Butter market moved both higher and lower this week. National interest for both bulk and print butter is increasing as the end of year holidays approach. In the West production is active as cream remains readily available. Churning in the Midwest and Eastern regions is steady as cream availability is tight. Inventory is adequate for demand.
Wheat Weekly Market Highlights
Market is softer this week due to lack of demand on the spot market. This market is also dealing with a huge carryover of product. With Australia’s poor crop estimate, exports could be improving for US.
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|