Insights / Supply Chain Resource Center

Charcuterie board with meats and cheese

Commodities Report 59

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 58

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 57

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 56

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