Alerts & What’s Trending
Produce
Iceberg lettuce fell almost 20% after an 11-week surge, while avocados climbed as Mexico’s harvest stoppage reaches the U.S.
Outlook: Lettuce should settle near $20 into early 2027, but avocados have little room to fall and may reach $30.
Grains
Grains slipped below key support last week, with strong crop yields weighing on soybeans and December corn barely holding $4.40.
Outlook: Corn could drift toward $4 and January soybeans toward $11.50 if the USDA confirms big
yields.
Dairy
Cheese and butter markets fell last week, with blocks down nearly 8%, as holiday butter buying disappoints and U.S. prices stay high for export.
Outlook: Near-term dairy risk is to the downside as overpriced U.S. products temper export demand.
Beef
Beef production is down 5% from last year and cattle futures hit nine-week lows; Choice cutout slipped while ribs set a record.
Outlook: Lean trim should stay well supported, so plan menus knowing heavy 85s may soften but lean beef won’t get cheap.
Pork
Pork is plentiful and consumption is at 11-year lows, pushing the cutout to multi-year lows and trim down over 40% from last year.
Outlook: Bellies look like a smart contracting opportunity now, since the risk from here is to the upside.
Poultry
Chicken supplies are tight, with slaughter down 3.9% from last year and most cuts lower, while whole chickens, eggs, and turkey breast moved up for the holidays.
Outlook: Expect flat chicken pricing through the end of the month, with near-term risk leaning to the downside.
Seafood
Atlantic salmon edged up 1% in August, a rare gain for that time of year, with prices running 8% above last year.
Outlook: Look for a stronger December-April rally than last year as salmon prices begin trending higher.