Top of Mind News
- Menu Price Inflation Isn’t Letting Up
- Steps Restaurants Can Take to Keep Customers Safe from Foodborne Illnesses
- What Does Inflation mean for Your Restaurant Business
- How Climate Change is Impacting Your Menu
Poultry
Wing demand for the season is here. Prices are dropping and availability is increasing for tenders. The random breast market is dropping. Thigh meat prices were down again this week. Whole birds are higher while boneless leg meat is more available than its dark meat counterpart.
Beef
In particular for CAB or higher product, ribs continue to benefit from close in sales and the front-end demand; Sel and No Roll present prospects. While strips continue to get softer, CAB or higher product is still scarce. Chucks are still holding the line, but clods and inner round cuts are getting stronger. The grinding is constant.
Pork
More demand is causing bellies to trend up. Loins moved up slightly due to short supplier. Ribs continue to remain flat. Support from retail and a short harvest week are moving butts up for next week.
The Sea
Seafood
The Great Lakes’ warm water makes fishing difficult and delays harvest until late September. As fish grow to the right size for harvest, catfish production increases. Farmers don’t let the fish stay in the water longer than necessary, so the majority of the tilapia collected is small. There are not enough 7-9 ounce fillets available.
The Garden
Produce
Weather issues in may growing regions will cause markets to increase over the next few weeks. Avocado supplies have continued to increase on the larger sizes.
The Kitchen Sink
Dairy
Despite flat demand and weaker exports, cheese prices rose last week on both the block and barrel markets. Butter reached a record-high price while anticipating a pullback. With strong retail and foodservice demand, as well as the effects of resurgent avian influenza, egg markets are higher.
Grain
The market moved lower for the majority of previous week due to technical trading, but by Friday the market had recovered. Scores for soybeans moved very little. Farmers are selling canola as it approaches a two-year low. Large oil inventories and weak Chinese demand are pushing palm prices lower.
