Alerts & What’s Trending   Produce Lettuce, onions, and tomatoes remained the biggest pricing stories in produce last week. Onion markets were mostly flat to lower, signaling prices may be nearing their peak sooner than expected. Iceberg lettuce remains elevated with limited supply relief expected until later this month, while tomato prices continued climbing despite early signs of improving supply conditions. Outlook: Operators may start to see some relief on onions first, while lettuce and tomatoes could remain volatile through at least the remainder of May. Produce buyers should continue monitoring markets closely and stay flexible with menu planning where possible.   Grains Corn, soybean, and wheat markets all moved lower last week, reversing most of the prior week’s rally. Easing fertilizer concerns tied to geopolitical developments helped pressure markets overall. Wheat prices fell despite ongoing concerns surrounding lower yields and crop abandonment in Kansas, one of the country’s largest

Alerts & What’s Trending   Produce Produce costs remain elevated, with roma tomatoes surpassing $40 and iceberg lettuce continuing to climb past earlier highs. Onion prices are also at peak levels, particularly for red and white varieties. Outlook: Relief may begin mid-May as new supply comes online, but near-term pricing will stay elevated. Flexibility on menus will be key.   Grains Grain markets moved modestly higher, with soybeans seeing slight gains after more than a month of flat activity, largely driven by soybean oil strength. Outlook: Momentum feels uncertain. Without new demand drivers, expect continued volatility rather than sustained increases.   Dairy Dairy markets were mixed, with butter slipping slightly and now trading below cheese—a shift not consistently seen since 2021. Cheese markets are stabilizing as global pricing begins to rebalance. Outlook: Butter may be nearing a floor, but strong production and softer demand will likely keep prices from climbing

Alerts & What’s Trending   Produce Tomatoes are holding high, while iceberg lettuce is spiking again due to supply gaps during the Yuma-to-Salinas transition. Onion volatility is being driven by white onions, though the spike is expected to be short-lived. Weather disruptions and uneven regional supply are continuing to drive short-term price swings across key items. Outlook: Lettuce is the key watch item with more upside risk before stabilizing. Onion markets should normalize soon, offering some relief in the near term.   Grains Wheat remains the headline mover as drought conditions intensify in key growing regions, despite some expected rainfall. Soybeans were quieter after recent volatility, but the broader grain complex trended positive. Drought severity is increasing in already-impacted areas, adding pressure to yield expectations. Outlook: Wheat prices could stay elevated in the near term due to worsening drought conditions. Longer term, weaker export demand may start to ease pressure.

Alerts & What’s Trending   Produce Tomatoes remain elevated around $40/carton with weak demand at that level. Lettuce rebounded off its price floor, and onions are seeing upward movement, especially reds. Outlook: Expect continued volatility. Tomatoes should ease once supply improves, while lettuce likely stays rangebound. Onion pricing may hold in the near term, but not all varieties have staying power.   Grains Wheat markets surged due to worsening drought conditions in key growing regions, with no meaningful rain in the forecast. Outlook: There’s still room for upward movement in wheat. If drought conditions persist, expect continued pressure on grain-related costs, especially baked goods and feed-driven proteins.   Dairy Cheese prices held steady, butter declined, and nonfat dry milk continues its aggressive rally. Milk supply is building seasonally, supporting production. Outlook: Cheese should remain relatively stable, but rising nonfat dry milk could quietly support pricing. Watch export activity, as global

Alerts & What’s Trending   Produce Tomatoes remain volatile but showed signs of stabilizing last week. Avocado prices jumped due to temporary supply disruptions but are expected to ease. Broccoli saw a short-term rebound but is expected to decline again heading into May. Outlook: Expect continued volatility in key produce items. Build flexibility into menus and sourcing, especially for tomatoes and avocados.   Grains Grain markets trended downward, with improved weather conditions easing drought concerns and putting pressure on corn prices. Soybean meal was the exception, moving higher. Outlook: Lower grain prices could eventually ease feed costs, which may help stabilize protein pricing over time.   Dairy Dairy markets were mixed. Cheese and butter softened slightly, while nonfat dry milk surged to a 12-year high, though it may be nearing a peak. Milk production is increasing seasonally, supporting overall supply. Outlook: Stable-to-soft pricing on core dairy items like cheese and