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Expect to see shortages in the next week do to Avian Flu. Tender availability is very tight though wings are mostly steady. Overall production has been constrained by overall birds weights and lower bird placements.
Retail was steady last week with a favorable Mother’s Day. Ribs, Strips and tenders should soften until consumer demand picks up. The hope is that chucks and rounds do not lose more ground. Beef demand seems to be modest though retail is stagnant since wholesale is costly.
Wholesale pork markets are the third most expensive for this time of year. Bellies are coming down moving with seasonal trends. Retail demand has slowed causing a dip. Short supplies are moving spareribs up.
Canadian crab season has begun. 50% of the quota has already been caught in the Gulf. New Shrimp season just opened in Louisianne.
Avocadoes are expected to stay at or above current market pricing. Hot peppers are transitioning from winter production to summer production. There is more volume on limes. Tomato and squash markets are stable.
The Kitchen Sink
Butter Markets are down due to low demand. Eggs continue to move higher with Avian Flu concerns. The cheese markets have level out for the time being.
Palm oil continues to trend upwards. Weather outlooks in the corn belt look favorable for planting.