The Dish Market Report, January 31, 2022

Commodity forecasting highlights from CommodityONE

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Top of Mind News

Poultry

Whole birds were up this week as supply continues to tighten. Bad weather in the East and Midwest coupled with staffing issues is impacting production across the country.

Beef

Demand remains softer given the demand and sales for January and February year after year. Transportation, labor and COVID continue to heighten volatility within the market.

Pork

Hams hit their floor last week and are starting to come back up. Loins came off their lows and made some big gains. Butts remained flat.

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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