The Dish Market Report, February 7, 2022

Commodity forecasting highlights from CommodityONE

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Top of Mind News

Beef

Packers are showing improved production. Winter storms in the Northeast and Midwest are hindering distribution. Ribs and tender demand are steady. Strips, butts and short loins are increasing in demand.

Pork

Butts are gaining strength again. Loins are seeing an increased demand. Hams are coming down again but are expected to go back up with increased labor challenges.

The Sea

Seafood

Congestion in ports has not improved, impacting seafood pricing and availability. 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

The block and barrel markets are in decline for the week while the butter, cream and eggs market are up due to bad weather across the country.

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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