The Dish Market Report, March 14, 2022

Commodity forecasting highlights from CommodityONE

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Top of Mind News

Poultry

Breast Market is up and demand is staying strong. Wings are down but are slowly increasing. Tenders were up and the market is staying strong.

Beef

Ribs continue to trade sideways. Strips and tenders are looking to bounce. Weather has impacted harvest levels and transportation. Since packers need to keep boxes moving, aggressive buying levels are the norm.

Pork

Fresh bellies have declined while supply has remained strong. Hams are continuing upwards as we head towards Easter and Mothers Day. Retail has seen a new interest in bellies keeping the market moving up. Spareribs will continue to trade sideways.

The Sea

Seafood

Oyster companies are looking for raw materials to freeze. All Texas public fishing areas are closed. There is a record low harvest for Gulf Oysters

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

Current demand and milk production are pushing block and barrel markets up. The butter market is up as the egg market is down.

Grain

Soybean, canola and palm oil markets are up. Sunflower oil market is down 50% as much of the production derives from Ukraine. Poor production of palm oil is pushing the market to an all time high. Drought in South America is pushing soybean oil high.

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