Weekly Market Trends Report 5.19.13

7/28/2019 Weekly Market Trends Report 5.19.13

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WEEKLY MARKET

TRENDS REPORT

April 19, 2013

Individual Reports on:Beef, Veal and Lamb

Oil and GrainsDairyPorkCanned Tomato

PoultrySeafoodBean, Rice, Coffee and Sugar

Processed Fruits and VegetablesProduce


2/10

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

Beef, Veal and Lamb ReportBeef, Veal & Lamb-Beef output last week rose 1.9% but was 6% larger than last year.Still, year-to-date beef production is running 1.9% below '12. The USDA is forecasting

Q2 beef output to be 2.6% less than '12 which may support the beef markets. Pent up

grilling demand due to inclement weather this spring could also put upward pressure on

beef prices. The choice ribeye market usually moves 3.1% higher during the next two

weeks. However, any pending beef market increases may be short lived due to a

generally financially challenged consumer. U.S. retail beef prices in Mar were up 2.7%

versus a last year and a record high. Price USDA, FOB per pound.

Market Trend Supplies Price vs. Last Year

Live Cattle (Steer) Decreasing Good Lower

Ground Beef 81/19 Decreasing Good Lower

Ground Chuck Increasing Good Lower109 Export Rib (choice) Decreasing Good Lower

109 Export Rib (prime) Increasing Good Lower

112a Ribeye (choice) Decreasing Good Lower

112a Ribeye (prime) Decreasing Good Lower

116 Chuck (choice) Increasing Good Higher120 Brisket (choice) Decreasing Good Higher

121c Outside Skirt (ch/sel.) Decreasing Good Lower

167a Knckle, Trimmed (choice) Decreasing Good Higher

168 Inside Round (choice) Decreasing Good Lower

174 Short Loin (choice 0x1) Increasing Good Higher

174 Short Loin (prime 2x3) Increasing Good Lower

180 1x1 Strip (choice) Decreasing Good Higher

180 1x1 Strip (prime) Decreasing Good Lower

180 0x1 Strip (choice) Increasing Good Higher

184 Top Butt, boneless (choice) Decreasing Good Higher

184 Top Butt, boneless (prime) Increasing Good Higher

185a Sirloin Flap (choice) Decreasing Good Higher

185c Loin, Tri-Tip (choice) Increasing Good Lower189a Tender (select, 5 lb & up) Decreasing Good Lower

189a Tender (choice, 5 lb &up) Decreasing Good Lower

189a Tender (prime, heavy) Decreasing Good Lower

193 Flank Steak (choice) Decreasing Good Higher

50% Trimmings Increasing Good Higher

65% Trimmings Increasing Good Higher

75% Trimmings Steady Good Lower

85% Trimmings Decreasing Good Lower

90% Trimmings Decreasing Good Lower


3/10

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

90% Imported Beef (frozen) Increasing Good Lower

Veal Rack (Hotel 7 rib) Steady Good Higher

Veal Top Round (cap off) Steady Good Higher

Oil and Grains Report

Oil & Grains- Rainfall during Q1 in the U.S. corn belt region was the best in five years which is good news for thecorn crop. Still, the near term downside price risk for corn may be small.


Soybeans Increasing Good Higher

Crude Soybean Oil Decreasing Good Lower

Soymeal Increasing Good Higher

Corn Increasing Good Higher

Crude Corn Oil Increasing Good Lower

Distillers Grain, Dry Decreasing Good Higher

Crude Palm Oil Decreasing Good Lower

Hard Red Winter Wheat Decreasing Good HigherDark Northern Spring Wheat Increasing Good Lower

High Fructose Corn Syrup Increasing Good Higher

Durum Wheat Increasing Good Lower


4/10


Dairy Report

Dairy- The international cheese markets are inflated which continues to support global demand for U.S. cheese. TheCME cheese markets are trending higher. Still, abundant domestic cheese stocks could temper further market gains forcheese in the near term. CME butter prices are tracking upward as well. The USDA is forecasting domestic milkproduction during Q2 to be .6% greater than '12. If dairy farmer margins remain attractive, milk output may be betterthan anticipated this summer. In turn, the usual summer rally for cheese and butter could be less intense.


Cheese Barrels- CME Increasing Good Higher

Cheese 40 lb Blocks- CME Increasing Good HigherAmerican Cheese Increasing Good HigherCheddar Cheese Increasing Good HigherMozzarella Cheese Increasing Good HigherProvolone Cheese Steady Good HigherParmesan Cheese Steady Good HigherButter- One lb Solids Increasing Good Higher

Nonfat Dry Milk Increasing Good Higher

Whey, Dry Steady Good Higher

Class I Milk Base Steady Good Higher

Class II Cream (Heavy Cream) Increasing Good Higher

Class III Milk- CME Increasing Good Higher

Class IV Milk- CME Steady Good Higher


5/10


Pork Report

Pork- Pork output last week fell .6% but was .8% more than '12. The USDA is estimating Q2 pork production to be1% larger than a year ago. This could temper expected seasonal price increases for pork this spring. Pork demandremains sluggish due in part to continued trade restrictions on U.S. pork from China and Russia. Still, the porkmarkets usually firm this time of year. Since, 08, the average move during the next two weeks for the pork bellymarket is 5.8% higher. Mar U.S. retail pork prices were 1.6% below '12 but the highest since Dec.


Live Hogs Decreasing Good Lower

Belly (bacon) Steady Good Higher

Spare Rib (4.25 & down) Decreasing Good Lower

Ham (23-27 lb) Steady Good Higher

Loin (bone-in) Decreasing Good Lower

Baby Back Rib (1.75 & up) Decreasing Good Lower

Tenderloin (1.25 lb) Decreasing Good Lower

Boston Butt, untrimmed 4-8 lb. Increasing Good LowerPicnic, untrimmed Increasing Good HigherSS Picnic, smoker trim boxed Increasing Good Lower42% Trimmings Increasing Good Higher72% Trimmings Increasing Good Higher


6/10


Canned Tomato Report

Tomato Products, Canned- Canned tomato supplies are historically adequate. The canned tomato markets arelikely to remain steady to firm this spring.

Poultry Report

Poultry- Spot feed costs for chicken producers are the lowest since last Jun whichshould encourage chicken production. The six-week moving average for broiler type eggsets 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) Increasing Good HigherChicken Wings, Whole Decreasing Good Lower

Chicken Wings, J umbo Cut Increasing Good Lower

Chicken Breast, Bone-In Increasing Good Higher

Chicken Breast, Bnless Sknless Increasing Good Higher

Chicken Tender (random) Steady Good Lower

Chicken Tender (sized) Steady Good Lower

Chicken Legs (whole) Increasing Good Higher

Chicken Leg Quarters Decreasing Good Higher

Chicken Thighs, bone in Increasing Good Higher

Market Trend Supplies Price vs. Last YearWhole Peeled Standard Steady Good Same

Diced, Fancy Steady Good SameKetchup, 33% Steady Good Same

Tomato Paste- Ind. Steady Good Same


7/10


Chicken Thighs, boneless Increasing Good Higher

Large Eggs Decreasing Good Lower

Medium Eggs Decreasing Good Higher

Whole Eggs- L iq Decreasing Good Higher

Egg Whites- L iq Decreasing Good Higher

Egg Yolks- Liq Decreasing Good Higher

Whole Turkey (8-16 lb) Increasing Good Lower

Turkey Breast- Bnls/Sknls Decreasing Good Lower

Seafood Report

Seafood- Snow crab prices are mixed. The Bering Sea snow crab season is ending withonly 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) Steady Good Same

Catfish, Filets Steady Good Lower

Trout, Drn. (8-14 oz) Steady Good Same

Shrimp (16-20 count) Steady Good Lower

Shrimp (61-70 count) Steady Good Higher

Shrimp, Tiger (26-30 count) Steady Good Higher

Snow Crab Legs (5-8 oz) Decreasing Good Lower

Snow Crab Legs (8 oz up) Increasing Good Higher

Cod Tails, 3-7 oz. Frz. Decreasing Good Lower

Cod Loins, 3-12 oz. Frz. Decreasing Good Lower

Salmon Portions, 4-8 oz. Frz. Steady Good Lower


8/10


Bean, Rice, Coffee and Sugar Report


Pinto Beans Steady Good Lower

Black Beans Steady Good Lower

Rice, Long Grain Steady Good Higher

Coffee Beans Increasing Good Lower

Sugar Increasing Good LowerHoney Increasing Good Higher

Paper Product Report

Wood Pulp (paper) Market Trend Supplies Price vs. Last Year

NBSK- Paper napkin Increasing Good Higher42 lb. L inerboard-corrugated box Increasing Good Higher

Plastic Resins (plastic, foam)PS-CHH-utensils, cups, to-go cont. Steady Good Higher

PP-HIGP-heavy grade utensils Steady Good Lower

PE-LLD-can liners, film, bags Steady Good Lower

Retail Price Change from Prior Month

Apr-11 Mar-11 Feb-11

Beef and Veal Increasing Increasing Increasing

Dairy Increasing Increasing IncreasingPork Decreasing Increasing Increasing

Chicken Increasing Decreasing Increasing

Fresh Fish and Seafood Increasing Increasing Increasing

Fresh Fruits and Vegetables Decreasing Increasing Increasing


9/10


Processed Fruits and Vegetables Report

Processed Fruits and Vegetables- The growing season for the vegetable crops could benefit from the recentrainfall in several regions of the U.S. The processed vegetable markets are steady.

Canned 6/10 Market Trend Supplies Price vs. Last Year

Corn, Fancy Whole Kernel Steady Good HigherGreen Beans, Fancy 4 sv Steady Good HigherGreen Peas, Fancy 4 sv/blend Steady Good Higher

Frozen

Corn, Cob 96 count Steady Good HigherCorn, K ernel 12/2.5 lb. Steady Good HigherGreen Beans, Cut 12/2 lb. Steady Good HigherGreen Peas, 12/2.5 lb. Steady Good HigherPotatoes, FF Fancy, 6/5 lb. Steady Good Higher

Produce ReportProduce-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 maturegreen 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.


10/10



Limes (150 count) Decreasing Good Higher

Lemons (95 count) Increasing Good Lower

Lemons (200 count) Increasing Good Lower

Honeydew (6 ct.) Increasing Good Lower

Cantaloupe (15 count) Decreasing Good Lower

Blueberries (12 count) Increasing Good Higher

Strawberries (12 pints) Decreasing Good Lower

Avocados, Hass (48 count) Increasing Good Lower

Bananas (40 lb)-Term. Increasing Good LowerPineapple (7 ct.)- Term. Increasing Good Lower

Idaho Potato (60 count) Increasing Good Lower


Idaho Potato (70 count)-Term. Increasing Good Lower


Idaho Potato #2 (6 oz. min.) Increasing Good Lower

Processing Potato (100 lb) Steady Good Lower

Yellow Onions (50 lb) Decreasing Good Higher

Yellow Onions (50 lb)-Term. Decreasing Good Higher

Red Onions (25 lb)-Term. Increasing Good Higher

White Onions (50 lb)-Term. Decreasing Good Higher

Tomatoes, (large- case) Decreasing Good Higher

Tomatoes, (5x6, 25 lb.)-Term. Decreasing Good Higher

Tomatoes, Vine Ripe, (4x5) Decreasing Good Higher

Roma Tomatoes (large- case) Decreasing Good Higher

Roma Tomatoes (xlarge- case) Decreasing Good Higher

Green Peppers (large- case) Decreasing Good Lower

Red Peppers (large- 15 lb. cs.) Increasing Good Higher

Iceberg Lettuce (24 count) Increasing Good Higher

Iceberg Lettuce (24 cnt)-Term. Increasing Good Higher

Produce Report (continued)

Leaf Lettuce (24 count) Increasing Good Lower

Romaine Lettuce (24 count) Increasing Good Lower

Mesculin Mix (3 lb)-Term. Steady Good Lower

Broccoli (14 cnt.) Decreasing Good Higher

Squash (case) Decreasing Good Higher

Zucchini (case) Increasing Good Higher

Green Beans (bushel) Decreasing Good HigherSpinach, Flat 24's Increasing Good Lower

Mushrooms (large), Term. Increasing Good Higher

Cucumbers, Bushel Increasing Good Higher

Pickles (200-300 ct.)-Term. Increasing Good Higher

Asparagus (small) Steady Good Higher

Freight (CA to City Avg.) Increasing Good Higher

Weekly Market Trends Report 5.19.13

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