Insights / Commodities Report

Meat poultry

Commodities Report

Alerts & What’s Trending   Produce Leafy greens like iceberg and romaine are seeing higher markets due to weather-related yield drops—expect firm pricing to continue. Brussels, broccoli, and cauliflower are also elevated, but quality is holding. Bell peppers and squash are tight on both coasts, especially colored varieties and yellow squash. Tomatoes and celery remain steady with good volume and quality. Avocados and lemons are tight, and grapes are off to a slower start in California, keeping green varieties priced high. Keep your eye on potatoes and onions—both are stable for now, but late-season risks linger. Grains & Oils Volatility in the soybean oil market continues to make headlines, largely driven by global tensions and biofuel policies. While prices dipped last week, they’re still unpredictable. Canola and palm oils are down too, which could bring short-term relief on frying oil costs. Stay flexible if oil plays a big role in

Fresh fish and seafood platter

Commodities Report

Alerts & What’s Trending   Produce Avocado prices surprised to the downside, falling 18 % to a YTD low and dipping below last year for the first time since July 2024. Iceberg lettuce popped 35 % yet sits squarely in its normal seasonal range, while Idaho potato counts have begun their customary pre-harvest climb. Virus chatter in Western lettuce fields bears watching, but nothing has spooked the market yet. Outlook: Avocado pricing should stay soft into August; lettuce likely holds steady until a September lift, and potatoes may grind up toward $15/carton over the next month before new-crop pressure sets in.   Grains & Oilseeds Winter wheat surrendered the prior week’s geopolitically driven gains, and soybean oil followed crude lower despite a bullish long-term biofuel outlook. Traders braced for potentially bearish acreage and stocks data in today’s USDA reports, which could dictate short-term direction. The wheat harvest is still 9

Charcuterie board with meats and cheese

Commodities Report

Alerts & What’s Trending   Produce Avocado prices ended their 11-week slide with a minor uptick. Roma tomatoes dropped another 1.5%, though losses have slowed compared to May. Outlook: While avocados are entering their most volatile season, pricing is not expected to spike dramatically. Tomato prices may see short-term corrective strength but are unlikely to trend upward until September.   Grain The grain market paused last week after the EPA’s renewable volume announcement. Wheat led gains amid a delayed U.S. harvest and geopolitical concerns, though Chicago wheat was the primary mover. Outlook: Wheat prices may retreat by early July as harvest delays resolve. Expect short-lived volatility, but no sustained price run-ups unless weather issues persist into mid-summer. Dairy Cheese and butter prices dipped slightly despite steady retail demand. Blocks and barrels both landed at $1.69/lb. Cream availability remains tight in some areas, and butter remains competitively priced for export markets.

Vegetables

Commodities Report

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

Meat poultry

Commodities Report

Alerts & What’s Trending   Produce Roma tomatoes dropped another 15% w/w, falling to $9.48/cs—more than 33% over two weeks. Iceberg lettuce and avocados also held steady or declined, nearing seasonal lows. Crop transitions have been smooth with no major quality issues. Outlook: Produce prices are leveling out near annual lows. Take advantage of this predictability to manage costs and promote produce-forward items.   Grain Wheat markets remain the focus, with spring wheat leading due to weather concerns abroad. U.S. winter wheat ratings improved, applying downward pressure on prices despite global supply concerns. Outlook: Grain pricing could soften slightly unless new weather disruptions arise. Monitor closely to optimize timing of forward buys.   Dairy Butter climbed to $2.49/lb while cheese prices stayed flat, supported by stronger milk supply and active retail promotions. Nonfat dry milk also rose $0.06 to $1.29/lb as export demand remains strong. Outlook: Watch for gradual increases

Fresh fish and seafood platter

Commodities Report

Alerts & What’s Trending   Produce Market stability continued across the produce sector. Roma tomatoes saw a one-week dip of 22%, though prices are expected to stay within normal seasonal ranges. Iceberg lettuce was unchanged, and avocados declined again, narrowing their y/y gap to 29%. Outlook: No major disruptions are anticipated. With prices holding in predictable patterns, this is a good time for operators to lean into produce-forward menu planning.   Grain Grain markets softened despite active news cycles. Tariff developments were largely shrugged off by traders, while attention turned to weather and crop progress. Corn crop ratings fell below expectations, but above-average rainfall forecasts kept the market from reacting strongly. Outlook: While current pressure is keeping grains in check, any major shift in weather could impact pricing. Operators should monitor market reports closely and evaluate coverage strategies.   Dairy Dairy pricing ticked upward, particularly in butter, which rose $0.13/lb

Charcuterie board with meats and cheese

Commodities Report

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.

Vegetables

Commodities Report

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

Meat poultry

Commodities Report

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,

Fresh fish and seafood platter

Commodities Report

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.