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Outside forces, like weather and Covid, are affecting fresh chicken this week. Wings and tenders are becoming more available while the random breast market is facing supply constraints.
Packers have been allowed to drive prices up. Shorter production weeks has allowed producers to better position inventories. Strips and tenders are trading steady. Ribs continue to slow in demand and drive pricing down. Chucks and rounds are following seasonal trends.
Butts showed a slight dip due to labor issues. Hams are continuing to trend down but are expected to trend back up. Bellies continue to gain strength.
Supply is tight due to the lack of raw materials and shipping delays. Rising costs and inflation persists in most seafood categories.
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
Increased butter markets are causing the cream market to move higher. The natural, mozzarella and processed cheese markets are higher with lower production.
Soybean oil markets moved higher over the last couple of weeks due to demand increases, higher crude oil, much higher palm oil, and a consistently high Canola market.