
Alerts & What’s Trending Produce No major volatility last week. Romas were flat after recent gains, iceberg ticked up slightly, and avocados trended downward. Yellow onions may find some lift next month, but movement will likely be modest. Outlook: Produce pricing is expected to stabilize through the summer. Short-term surprises appear unlikely. Grain Grain markets rebounded, led by wheat. Outside financial market concerns and international buying helped fuel the rally. Wheat pricing is now at its highest seasonal level in 12 years. Outlook: Expect ongoing volatility in the grains sector, especially if global weather issues and currency shifts persist. Dairy CME blocks climbed to $1.95/lb and barrels to $1.87/lb. Butter moved up slightly to $2.36/lb. Retail cheese demand is steady, foodservice slightly weaker, but export strength continues. Outlook: With strong milk availability and consistent global demand, dairy prices are likely to trend stable with mild upward pressure.
Alerts & What’s Trending Produce Roma tomatoes surprised with another 16.5% jump to $14/carton. Avocados continued their steady decline, while lettuce held stable. Expect romas to level off again soon. Grain Corn prices rebounded mid-week after strong export numbers despite downward pressure from rapid planting and acreage expectations. Export sales are unusually strong for this late in the marketing year. Dairy Cheese and butter prices nudged higher. CME blocks rose 3% to $1.90/lb and barrels hit $1.82/lb. Butter demand remains stable, and inventories are seasonally strong. Beef Cattle futures dipped, but boxed beef cutouts climbed. Choice beef rose to $349.90/cwt, with strong demand for end cuts and ground beef. 50% trim surged 7% to $1.19/lb, while 90% lean trim reached $3.80/lb. Reduced harvests are tightening supplies and putting upward pressure on prices. Pork A robust week for pork with strength across primals. Loin primal rose
Alerts & What’s Trending Produce Avocado prices fell for a sixth straight week despite pre-Cinco de Mayo demand. A return to sub-$50 cartons isn’t expected until after June. Yellow onions saw their first price uptick in over a year, signaling a potential seasonal bottom. Roma tomatoes slowed their pace of increase, rising just 2.8% w/w as the market enters its typical quiet season. Grain Quiet news drove technical trading. Soybean oil slumped after failing to break key resistance. An upcoming EPA renewable volume obligations (RVO) announcement could reignite upward momentum if biodiesel policies shift. Dairy Butter prices edged up to $2.32/lb, while CME block cheese climbed 4% to $1.84/lb and barrels gained 2% to $1.78/lb. Nonfat dry milk rose to $1.22/lb. Retail demand remains steady, but foodservice activity is mixed. Cheese production is strong as milk supply grows. Beef Choice cutout values climbed 1% to $347.89/cwt,
Alerts & What’s Trending Produce Iceberg lettuce returned to steady levels near $10/carton following a brief price spike, while large tomatoes jumped another 12%—though that rally is expected to fade soon. Hass avocados dropped 2.2% to an 11-week low despite tight supply of large fruit. Outlook: Produce markets appear stable overall. Tomato prices could ease in the coming weeks, while avocado prices may tick back up by late June. Grain Grain prices fell again, led by Kansas City wheat and corn. Chicago wheat remains just above long-term technical support. Drier forecasts in the U.S. Southern Plains may provide some stabilization, but export demand remains sluggish. Outlook: Without stronger global buying or weather-driven supply issues, grains—especially wheat—are likely to remain under downward pressure. Dairy Butter rose slightly to $2.31/lb, and both cheese blocks and barrels saw 2–3% gains. Retail demand is holding firm, but foodservice demand remains soft.
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