April 21, 2026
This week’s insights on key commodities and market shifts—powered by CommodityONE, exclusively for Dining Alliance members.
Poultry
Chicken production dipped slightly week over week but remains higher than last year, keeping most pricing in check. Breast meat and wings softened, while tenders and thighs held steady. Turkey breast showed some weakness, and eggs are still sitting at buyer-friendly levels.
Outlook: Chicken is likely to stay a value play heading into summer. With production trending higher than expected, don’t anticipate major price spikes. Wings are the one area to watch, as downside looks limited.
Beef
Beef supply remains tight, with production down significantly year over year and cattle slaughter continuing to lag. Prices stayed near record highs, even as some cuts softened slightly.
Outlook: Relief isn’t coming anytime soon. Tight supply and high cattle costs will continue to support elevated pricing. Operators should expect beef to remain a high-cost center and plan menus accordingly.
Pork
Production is running above last year, and while the market was mixed, bellies dragged pricing lower while hams and ribs strengthened. Pork trim declined despite firm beef trim markets.
Outlook: This may be a short window of opportunity. Belly pricing is at seasonal lows and could trend higher into summer. Locking in key items now could pay off as demand picks up.
Seafood
Yellowfin tuna dropped sharply in February but is now hovering near seasonal lows after earlier volatility.
Outlook: Pricing is likely to stabilize in the near term, with no major rebound expected until early summer. This could be a steady window for operators featuring tuna.
Produce
Tomatoes remain elevated around $40/carton with weak demand at that level. Lettuce rebounded off its price floor, and onions are seeing upward movement, especially reds.
Outlook: Expect continued volatility. Tomatoes should ease once supply improves, while lettuce likely stays rangebound. Onion pricing may hold in the near term, but not all varieties have staying power.
The Kitchen Sink
Dairy
Cheese prices held steady, butter declined, and nonfat dry milk continues its aggressive rally. Milk supply is building seasonally, supporting production.
Outlook: Cheese should remain relatively stable, but rising nonfat dry milk could quietly support pricing. Watch export activity, as global competition may soften upside.
Grains
Wheat markets surged due to worsening drought conditions in key growing regions, with no meaningful rain in the forecast.
Outlook: There’s still room for upward movement in wheat. If drought conditions persist, expect continued pressure on grain-related costs, especially baked goods and feed-driven proteins.
