The Dish Market Report, January 17, 2022

Commodity forecasting highlights from CommodityONE

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Top of Mind News

Poultry

Outside forces, like weather and Covid, are affecting fresh chicken this week. Wings and tenders are becoming more available while the random breast market is facing supply constraints.  

Beef

Packers have been allowed to drive prices up. Shorter production weeks has allowed producers to better position inventories.  Strips and tenders are trading steady. Ribs continue to slow in demand and drive pricing down. Chucks and rounds are following seasonal trends.  

Pork

Butts showed a slight dip due to labor issues. Hams are continuing to trend down but are expected to trend back up. Bellies continue to gain strength 

The Sea

Seafood

Supply is tight due to the lack of raw materials and shipping delays. Rising costs and inflation persists in most seafood categories.  

The Garden

Produce

Mushrooms are in serious trouble. The sector continues to be plagued by limited availability and excessive prices. Strawberries are still scarce and in poor supply.

The Kitchen Sink

Dairy

Increased butter markets are causing the cream market to move higher. The natural, mozzarella and processed cheese markets are higher with lower production

Grain

Soybean oil markets moved higher over the last couple of weeks due to demand increases, higher crude oil, much higher palm oil, and a consistently high Canola market.

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