The Dish Market Report, March 28, 2022

Commodity forecasting highlights from CommodityONE

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Top of Mind News

Poultry

Jumbo wing market has been dropping and supply is available. Tender availability is tightening. Random breast market is very strong. Boneless thigh meat price is stable but supply is tightening.

Beef

Reduction in harvest has helped reduce supply levels. Ribs continue sideways. Strips and tenders continue to reflect steady for the weeks ahead.

Pork

Hams are sliding down for the next week. Demand for trimmings has weakened. Fresh bellies moved up slightly. Loins are flat for next week as demand and supplies are unchanged. Butts continue to move upwards with strong demand.

The Sea

Seafood

A large part of the Russian crab is unsellable due to the conflict with Ukraine and Russia. A suggested substitute item for Russian snow crab is Canadian snow crab. Domestic scallop season starts April 1st and will begin to replenish inventories.  

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 down for the week due to milk production. The butter market is down as well. The egg markets remain up for the week due to Avian Influenza concerns.

Grain

As crude oil fell last week, so did soybean oil. Palm oil also decreased last week. Corn, wheat and soybeans were all lower as well. Slight reduction last week for soybean and palm oils. Lack of sunflower oil has caused other varieties to be sought after. Corn oil is extremely hard to find.

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