Commodities Report

Vegetables

Alerts & What’s Trending

 

Produce

Avocados held steady for the first time in weeks, but prices are still expected to dip. Roma tomatoes fell again but may rebound soon. Iceberg lettuce stayed flat, but viral pressure could bring a price spike.

Outlook: Avocado and tomato pricing should remain favorable for a bit longer, but lettuce is one to watch for volatility heading into midsummer.

 

Grain

Soybean oil rallied after the EPA’s RVO announcement for 2026–2027, boosting demand expectations for biomass-based diesel. After a brief drop, the market surged on Friday, especially in soybean-linked commodities.

Outlook: The long-term path for soybean oil looks bullish, especially with biofuel demand driving renewed interest in domestic feedstocks.

 

Dairy

Cheese prices dipped slightly despite strong production and firm demand. Butter was flat at $2.55/lb, supported by international demand and steady domestic buying.

Outlook: With inventories healthy and retail promotions rising, prices may stay rangebound, though butter could see strength if global demand picks up further.

 

Beef

Beef cutouts surged again, with choice up 3% and strength across all primals. Ribeyes, sirloins, and end cuts like inside and bottom rounds all rose. Ground beef and beef trim prices also climbed, signaling tight supply.

Outlook: With live cattle prices climbing, beef is on an upward path expected to peak after the July 4th holiday. Operators should plan for continued pricing pressure.

 

Pork

Pork prices jumped across primals, especially bellies (+9%) and hams (+8%). Ribs and butts also trended higher, despite a drop in export sales. Retail and foodservice demand is keeping pressure on supply.

Outlook: Prices likely hit their seasonal floor—expect continued increases through Independence Day as demand heats up.

 

Poultry

Boneless skinless breast prices fell $0.09/lb to $2.69, while wings saw a slight increase to $1.19/lb. Despite some price fluctuations, white meat demand remains steady thanks to its affordability. Egg prices were flat week-over-week but are still trending lower month-over-month.

Outlook: Expect a typical seasonal dip in chicken prices, but steady demand for white meat and limited harvests should keep markets from softening too sharply.

 

Seafood

Fresh yellowfin tuna prices plunged 27% m/m to $3.85/lb—the second-lowest April price in 15 years. While imports stayed stable, pricing is expected to rebound as demand adjusts to the discount.

Outlook: Yellowfin tuna likely hit its seasonal low and should bounce back in the coming months, making now an opportunity for smart purchasing.