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Boneless thigh meat price is stable, but supply is tightening. The random breast market is very strong. The jumbo wing market has been dropping and supply is readily available. Tenders’ availability is tightening.
Reduction in harvest has helped reduce supply levels. Ribs continue sideways. Strips and tenders continue to reflect steady for the weeks ahead.
Hams are currently trading sideways. Ribs remain relatively flat but should begin to move upwards as warmer weather approaches. Boneless butt supply is increasing, driving the market back down. Bone-in butts gain strength as demand remains steady.
Oyster companies are scrambling to get raw materials to freeze for the half-shell market. Record low harvest for Gulf Oysters due to mortality rate and fishing areas being shut down. Russian crab is unsellable due to the conflict with Ukraine and Russia.
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
Current demand and milk production are pushing block and barrel markets up. The butter market is up as the egg market is down.
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.