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In Depth Recommendations and Insights Week of November 15th, 2021

In what seems to be a trend across all facets of our industry, pricing for raw materials continues to climb at a drastic pace.

With the demand for scallops still being high and “days at sea” being limited, companies are stock piling product in an attempt to carry one’s customers through the winter. The fear of running out is the driving force behind these increases.

There is also talk of the number of days at sea and quotas being cut more in 2022. A lot of the smaller boats tried taking advantage of the higher prices and have already maximized their days at sea.

Urner Barry reports that frozen chicken wing inventory is at the lowest levels since 2012. Total poultry cold storage stocks are 13% lower than last year.

The boneless breast, tender and wing markets continued to decline. Analysts are now forecasting continued price decreases in breasts, tenders and wings through December.

The food industry is experiencing the largest ever offering of plant-based meats across categories, including chicken, beef, pork and seafood. All of this innovation has led to increased investment, which has allowed for economies of scale and lowered production costs, like Impossible Foods’ price drop of up to 20% at the foodservice distributor level.

Try their Veggie Burger or Sausage Patty.

Urner Barry reports that frozen chicken wing inventory is at the lowest levels since 2012. Total poultry cold storage stocks are 13% lower than last year.

The boneless breast, tender and wing markets continued to decline. Analysts are now forecasting continued price decreases in breasts, tenders and wings through December.

Poultry will be in short supply during the holiday season. If you have not already purchased your holiday poultry, now would be a great time to do that. If storage is an issue, ask your distributor to reserve it for you and ship it.

Comments or Questions?

Click Below to Connect Directly with the Source1 Procurement Team Today

In Collaboration with Source1:

Supply Chain Quick Hit Produce Up-Date

Powered by Source1:

In Depth Recommendations and Insights Week of November 15th, 2021

In what seems to be a trend across all facets of our industry, pricing for raw materials continues to climb at a drastic pace.

With the demand for scallops still being high and “days at sea” being limited, companies are stock piling product in an attempt to carry one’s customers through the winter. The fear of running out is the driving force behind these increases.

There is also talk of the number of days at sea and quotas being cut more in 2022. A lot of the smaller boats tried taking advantage of the higher prices and have already maximized their days at sea.

Urner Barry reports that frozen chicken wing inventory is at the lowest levels since 2012. Total poultry cold storage stocks are 13% lower than last year.

The boneless breast, tender and wing markets continued to decline. Analysts are now forecasting continued price decreases in breasts, tenders and wings through December.

The food industry is experiencing the largest ever offering of plant-based meats across categories, including chicken, beef, pork and seafood. All of this innovation has led to increased investment, which has allowed for economies of scale and lowered production costs, like Impossible Foods’ price drop of up to 20% at the foodservice distributor level.

Try their Veggie Burger or Sausage Patty.

Urner Barry reports that frozen chicken wing inventory is at the lowest levels since 2012. Total poultry cold storage stocks are 13% lower than last year.

The boneless breast, tender and wing markets continued to decline. Analysts are now forecasting continued price decreases in breasts, tenders and wings through December.

Poultry will be in short supply during the holiday season. If you have not already purchased your holiday poultry, now would be a great time to do that. If storage is an issue, ask your distributor to reserve it for you and ship it.

Comments or Questions?

Click Below to Connect Directly with the Source1 Procurement Team Today

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