The Dish Market Report, January 24, 2022

Top of Mind News

Poultry

Overall Fresh Chicken production is being effected by weather and COVID. The market for random breasts is very strong and continues to increase.

Beef

Several factors are effecting beef. Weather, Omicron, reduced harvest and transportation issues are stressing demand. Inventories are tight due to retail demand and limited inventory. End cuts are moving higher in price. Strips, ribs and tenders continue to trade higher.

Pork

Increased labor struggles are causing supply for boneless and precooked bacon supplies to tighten up.

THE SEA

Seafood

Fishing areas being shut down for conservation is leading to a record low harvest for Gulf Oysters. Keta salmon fishery came in way below the forecast harvest. Logistical constraints is resulting in short supply.

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

Increased butter markets are causing the cream market to move higher. The natural, mozzarella and processed cheese markets are higher with lower production. 

Grain

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.

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