Alerts & What’s Trending   Produce Iceberg lettuce prices jumped 8.4% w/w due to cold weather impacts, with potential supply gaps ahead. Avocado prices fell 6.8% as border supply improved, though a return to normal price levels isn’t expected until late February. Roma tomato declines slowed, with prices likely stabilizing soon.   Grain Wheat markets gained momentum as drought and freezing temperatures raised concerns over U.S. and Russian winter wheat crops. While immediate impacts are uncertain, February will be a key period for monitoring international demand.   Dairy The dairy market declined despite increased retail promotions, with CME blocks down $0.01 to $1.86/lb and barrels falling $0.07 to $1.80/lb. Butter prices dropped 2% w/w to $2.40/lb, while cheese demand remained steady across retail and foodservice.   Beef Beef prices softened as February demand slowed, with the choice cutout down 1% to $323.98/cwt. While tenderloins may ease post-Valentine’s Day, shortloins surged

Alerts & What’s Trending   Produce Roma tomatoes dropped another 28% w/w, hitting their lowest price since May 2023, but prices should stabilize soon. Avocados saw a slight price dip after a month of increases, though significant relief isn’t expected until late February.   Grain Corn prices fluctuated due to concerns over potential 25% tariffs on Mexican imports, which could impact 35% of U.S. corn exports. Meanwhile, Brazil’s slow corn planting start provides some market support.   Dairy Cheese prices climbed, with CME blocks up $0.10 to $1.82/lb and barrels up $0.05 to $1.87/lb, while butter prices fell 3% w/w to $2.45/lb. Retail promotions softened, but demand for milk and cheese remains steady.   Beef Beef markets remained volatile, with the choice cutout at $327.92/cwt and select at $315.90/cwt. Rib prices have dropped 40% this month but should rebound ahead of spring grilling season, while choice tenderloins climbed 1% to

Alerts & What’s Trending   Produce Avocado prices climbed another 10% w/w, driven by high demand ahead of the Super Bowl, though increased volumes may stabilize the market after February. Roma tomatoes continued their seasonal price drop but are expected to level out within the next two weeks.   Grain Soybean meal prices surged 5% last week, fueled by dry weather in Argentina’s key growing regions. While some rain is forecasted, the ongoing drought is keeping the global market on edge. U.S. soybean meal exports are already at record highs for the 2024/25 marketing year.   Dairy Dairy markets softened last week, with cheese and butter prices declining slightly. CME blocks and barrels fell $0.07 to $1.82/lb, while butter demand remained mixed amid ample cream supplies. Retail promotions increased, but retail prices stayed lower than last year, creating a favorable market for operators.   Beef Beef markets saw mixed movements,

Alerts & What’s Trending   Produce Avocado prices climbed 14.5% w/w, hitting a 20-week high with more increases expected through February. Meanwhile, roma tomatoes continued their seasonal price drop, falling another 16.4% last week.   Grain Wheat prices inched up 1.5% w/w following USDA balance sheet updates. The ongoing Black Sea weather risks could tighten global wheat supplies, possibly benefiting U.S. producers.   Dairy Dairy prices softened as butter and cheese production remained steady with ample supply. CME spot butter fell $0.06 w/w to $2.54/lb, while retail cheese advertisements dropped for the third consecutive week.   Beef Beef prices continue climbing, with ground beef up 32% over the past month and choice cuts seeing steady increases. The rib and round segments saw mixed movements, but consumer demand for ground products keeps pushing prices higher.   Pork Ham prices rose 2% w/w as Easter preparations began, while ribs and loins saw

Alerts & What’s Trending   Produce Avocado prices increased 10% w/w, defying expectations of early-year weakness, while large roma tomatoes dropped 14%. Yellow onions remain steady, with potential growth on the horizon. Avocado pricing may not ease significantly until April or later.   Grain Grain markets had a strong start to 2025, with soybean oil leading the charge, climbing 11% w/w on optimism surrounding biofuel tax credit guidance. Wheat also saw gains, breaking its December stagnation, signaling a potentially positive trend for the sector.   Dairy Butter prices rose slightly to $2.60/lb as cream volumes remain abundant, favoring processors. Cheese prices were mixed, with blocks falling slightly and barrels increasing. Production schedules were lighter during the holidays but are expected to strengthen in the new year.   Beef The February cattle contract increased by 2% to $198.35/cwt, with choice and select cutouts also climbing. However, rib prices fell significantly, while