The Dish Market Report, September 14, 2021

Commodity forecasting highlights from CommodityONE

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Despite the fact that labor is still in short supply across the industry, many processors are optimistic.

In the future, availability will improve in the future weeks.

Tenders are very expensive and hard to come by.

Beef

Due to the softness of the beef complex, most purchases have slowed.

Last-minute demand for middles, primarily from individuals in need of rib meat, aided production bolster a dwindling end complicated cut

Chucks, Rounds, and Briskets look to have made a comeback a set of pricing points that can’t be exceeded has hampered the interest of potential buyers

 

Pork

We are seeing a drop in primal markets following the holiday season.
Butts have experienced some relief since Labor Day.
Spareribs and back ribs are being reduced now that demand from bookings has subsided. The market for St. Louis ribs has shifted in the opposite way, with a rise in demand.
Bellies are still shrinking.

 

 

THE SEA

Seafood

Due to a lack of labor to unload containers from ships, US ports are still experiencing delays, resulting in major imported seafood shortages. The public freezers are overflowing.

 

 

 

THE GARDEN

Produce

The sector continues to be challenged by a lack of consistent labor. As manufacturing nearing capacity limits for some, suppliers are still struggling to keep up with demand.

 

 

 

THE KITCHEN SINK

Dairy

The markets for natural cheese, mozzarella, and processed cheese are all down. There is enough supply to meet demand.
Butter prices rose week over week, owing to increased demand.
Although demand for shell eggs has decreased week over week, it remains fair to good.

 

 

 

 

Grains

As the harvest year draws to a close, good weather, namely rain, has aided the soybean production. This aided in the decline of the soybean oil market.
Hurricane Ida has devastated Louisiana ports, preventing soybeans, maize, and other commodities from being exported, causing markets to fall.
With the terrible crop situation, canola is rising higher.

 

 

 

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