Foodservice Operator Support Center
Our Support Center has everything Operators need to remain connected. Weekly Commodity Reports, Supply Chain Hot Takes, and Produce Alerts – ready to review!
Commodities Snapshot Report
For the week of November 18, 2024
Quickly review the latest weekly snapshot on all major commodities!
And for a deeper dive, scroll to the CommodityONE Reports below.
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Grain
Grain markets faced declines last week, led by losses in the soybean and wheat complexes, driven by favorable rainfall in Brazil and Argentina. Soybean oil (SBO) also reversed its upward trend due to weaker export sales, the halt in palm oil’s rally, and concerns over U.S. biofuel policy under President-elect Trump’s EPA pick, Lee Zeldin, who has previously opposed ethanol growth. While palm oil’s recovery could support SBO in the short term, the long-term outlook for U.S. biofuel demand and export strength will be critical in shaping the market.
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Beef
Beef production increased 1% week-over-week and 3% year-over-year due to heavier steer weights and slightly higher harvest volumes, but prices continued to soften. The choice cutout dropped 2% to $303.80/cwt, led by declines in end cuts like chuck rolls (down 44% for November) and ground beef 81% (down 9% to $2.34/lb). While some segments like bone-in ribs and tenderloins saw modest gains, overall demand is slowing as the market transitions into the Thanksgiving holiday period.
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Dairy
The dairy market continued to soften last week, with cheese and butter prices declining as fluid milk remained flat amid steady to increasing production. CME spot butter fell $0.06 to $2.60/lb, with uneven demand as retail sales held steady but foodservice demand weakened. Cheese prices dropped sharply, with barrels down 8% to $1.67/lb and blocks down 5% to $1.66/lb, despite increased retail promotions. Milk production varies regionally, with steady volumes in the Northeast and Central regions, while the West reports stronger output supported by favorable conditions.
Click Show More to view Poultry, Pork and Seafood.
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Poultry
Chicken production rose 3.5% year-over-year due to increased harvest volumes and larger bird sizes, but market prices remain soft. While boneless/skinless breasts edged up slightly to $1.49/lb, tenderloins and wings continued their monthly declines, down 18% and 11%, respectively. Drumsticks and WOG prices showed modest weekly gains, but boneless/skinless thigh meat dropped 4% to $1.63/lb. In the turkey segment, prices remained stable, with whole turkeys up 1% week-over-week and breast meat flat.
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Pork
Pork production decreased by 1.7% last week to 556.4 million pounds, resulting in overall price declines across most cuts. The pork cutout value dropped 4% to $94.07/cwt, with significant decreases in the belly primal—down 19% to $129.49/cwt—and pork trim segments, where 42% trim fell sharply by 22% to $0.48/lb. These reductions present potential cost-saving opportunities for foodservice operators as prices for many primals and subprimals have softened.
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Seafood
Frozen cod fillet prices hit a 12-month high of $4.25/lb in September, marking three consecutive months of increases. Import volumes remained steady between 3,600 and 4,600 MT, suggesting robust domestic demand is driving the price rally.
Past Reports
Menu Makers videos provide you with the latest menu-making ideas. Discover new ways to save both time and money with our series of taste tempting suggestions.
Frozen Appetizers
November 13th, 2024 – This week, check out how our members are using frozen appetizers to help save both time and money – while delivering the same quality and taste their guests expect! Explore options like frozen eggrolls, mozzarella sticks and more in this week’s Menu Maker video.
Past Videos
Weekly Produce Reports
Weekly reports for all regions. Current conditions, market trends, historic projections, insider alerts – and all at your fingertips!
November 21, 2024 – The impacts from Hurricane Helene and Milton are being felt across the entire Southeast; we continue to keep those in harm’s way in our thoughts and prayers. We expect to see supply of fresh produce from South Georgia and Florida to be extremely volatile; in Florida it’s too …
Past Reports
Weekly Commodity Reports
Detailed Commodity Reports and video Hot Takes from ArrowStream, for those in need of more in-depth reporting.
CommodityONE Market Report
In search of more detailed insight? Look no further than ArrowStream’s multi-page weekly CommodityONE Report.
Click the thumbnail for the latest.
November 18, 2024 – October saw a slight uptick in U.S. inflation, primarily driven by increased costs for housing, used vehicles, and air travel. This marks a temporary pause in the downward trend that began in 2022, when inflation peaked at 9.1 percent. While the annual inflation rate rose from 2.4 percent to 2.6 percent, it remains significantly lower than recent highs. Core inflation …
CommodityONE Hot Takes
Paul Savage, Director of Commodities at ArrowStream, presents the latest CommodityONE Hot Takes.
Click the play button to watch the latest video,
or click the thumbnails below to review archived uploads.
Past CommodityONE Updates
Foodservice Operator News
Check out insights and tips produced by experts from the Buyers Edge Platform family of brands.
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- Articles
- Data / Technology
- Digital Procurement Network / GPO
- Fresh Solutions / Fresh Division
- Supply Chain
How Foodservice Retailers Can Maximize Collective Buying Power with SaveMore
Source: SaveMore
Cut Costs and Boost Efficiency with Service Vendor Sourcing Through Food & Supply Source
Source: Food & Supply Source
10 Cost-Effective Strategies for Independent Restaurant Operators
Source: Dining Alliance
Cost Management Solutions for Asian Restaurants from Consolidated Concepts
Source: Consolidated Concepts
Cost Management Solutions for Mexican Restaurants from Consolidated Concepts
Source: Consolidated Concepts
Cost Management Solutions for Barbecue Restaurants from Consolidated Concepts
Source: Consolidated Concepts
Cost Management Solutions for Fine Dining Restaurants from Consolidated Concepts
Source: Consolidated Concepts
54% of Operators Faced Equipment and Service Item Delays: How to Stay Ahead of the Supply Chain
Source: Dining Alliance
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The Latest Facts & Figures
Live, interactive charts from industry experts
Monthly Economic Research From Our Partner:
Why aren’t more women working in restaurants?
A shift to flexible schedules in the late 2010s allowed more women to work in restaurants, raising their share of employment in the industry. But since 2021, this share has dropped once again.
Click the thumbnails below to explore the latest data in each.
Then click the headings at the top to show or hide the different groups and categories.
Consumer Price Index
Track the 12-month percentage changes of various goods and services.
Price Data
Track the price changes of key indicators including meat, produce and dairy.
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