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Individual Reports on: Beef, Veal and Lamb Oil and Grains Dairy Pork Canned Tomato Poultry Seafood Bean, Rice, Coffee and Sugar Processed Fruits and Vegetables Produce
Live Cattle (Steer) Ground Beef 81/19 Ground Chuck 109 Export Rib (choice) 109 Export Rib (prime) 112a Ribeye (choice) 112a Ribeye (prime) 116 Chuck (choice) 120 Brisket (choice) 121c Outside Skirt (ch/sel.) 167a Knckle, Trimmed (choice) 168 Inside Round (choice) 174 Short Loin (choice 0x1) 174 Short Loin (prime 2x3) 180 1x1 Strip (choice) 180 1x1 Strip (prime) 180 0x1 Strip (choice) 184 Top Butt, boneless (choice) 184 Top Butt, boneless (prime) 185a Sirloin Flap (choice) 185c Loin, Tri-Tip (choice) 189a Tender (select, 5 lb & up) 189a Tender (choice, 5 lb &up) 189a Tender (prime, heavy) 193 Flank Steak (choice) 50% Trimmings 65% Trimmings 75% Trimmings 85% Trimmings 90% Trimmings
Market Trend Increasing Increasing Increasing Increasing Increasing Decreasing Increasing Increasing Increasing Increasing Increasing Increasing Decreasing Increasing Increasing Increasing Decreasing Increasing Decreasing Increasing Increasing Increasing Increasing Increasing Increasing Increasing Increasing Decreasing Increasing Increasing
Supplies Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good
Price vs. Last Year Higher Higher Higher Higher Higher Lower Higher Lower Higher Higher Lower Higher Higher Higher Higher Lower Higher Higher Higher Higher Lower Higher Higher Higher Higher Lower Lower Higher Higher Higher
90% Imported Beef (frozen) Veal Rack (Hotel 7 rib) Veal Top Round (cap off)
Soybeans Crude Soybean Oil Soymeal Corn Crude Corn Oil Distillers Grain, Dry Crude Palm Oil Hard Red Winter Wheat Dark Northern Spring Wheat High Fructose Corn Syrup Durum Wheat
Market Trend Decreasing Decreasing Decreasing Decreasing Steady Increasing Increasing Decreasing Decreasing Steady Increasing
Supplies Good Good Good Good Good Good Good Good Good Good Good
Price vs. Last Year Higher Lower Higher Higher Higher Higher Lower Higher Higher Higher Lower
Dairy Report
Dairy- The CME cheese markets have weakened, falling Tuesday by the most in a year. Usually a move in CME
cheese like Tuesday, is a warning of even lower prices. August cheese exports were up 30% versus '11 but were the smallest since January. International cheese prices remain at considerable discounts to domestic cheese which is discouraging U.S. exports. CME butter prices are softening as well, but holiday season demand may temper any further near term price declines. August butter exports were 50% below last year and the smallest since October '11. Prices per pound, except Class I Cream (hundred weight), from USDA.
Market Trend Cheese Barrels- CME Cheese 40 lb Blocks- CME American Cheese Cheddar Cheese Mozzarella Cheese Provolone Cheese Parmesan Cheese Butter- One lb Solids Nonfat Dry Milk Whey, Dry Class I Milk Base Class II Cream (Heavy Cream) Class III Milk- CME Class IV Milk- CME Decreasing Decreasing Increasing Increasing Increasing Increasing Increasing Decreasing Decreasing Increasing Steady Decreasing Decreasing Decreasing
Supplies Good Good Good Good Good Good Good Good Good Good Good Good Good Good
Price vs. Last Year Higher Higher Higher Higher Higher Higher Higher Higher Higher Lower Lower Higher Higher Higher
Pork Report
Pork- Pork output last week rose 1.6% and was 1.9% larger than a year ago. Pork has garnered notable retail feature
activity as of late due in part to expensive beef prices and National Pork Month. This is expected to end soon with holiday beef items likely to receive more retail attention. Thus, various pork markets could experience modest declines during the next few weeks. August U.S. pork exports were 1.7% above '11 and the largest since May. A deflated U.S. dollar is likely to persist which should support pork exports.
Live Hogs Belly (bacon) Spare Rib (4.25 & down) Ham (23-27 lb) Loin (bone-in) Baby Back Rib (1.75 & up) Tenderloin (1.25 lb) Boston Butt, untrimmed 4-8 lb. Picnic, untrimmed SS Picnic, smoker trim boxed 42% Trimmings 72% Trimmings
Market Trend Increasing Increasing Increasing Increasing Increasing Increasing Decreasing Increasing Decreasing Increasing Increasing Increasing
Supplies Good Good Good Good Good Good Good Good Good Good Good Good
Price vs. Last Year Lower Lower Lower Lower Lower Lower Lower Lower Lower Lower Higher Lower
Whole Peeled Standard Diced, Fancy Ketchup, 33% Tomato Paste- Ind.
Poultry Report
Poultry- Chicken producer profitability remains a challenge.
Last week's spot chicken feed cost ratio was the lowest for the week in eight years. However, chicken production continues to run above year ago levels. If weakness in the boneless skinless chicken breast market persists as expected, it's likely that chicken output will be curbed. U.S. chicken export sales during August were down 6.5% versus the previous year but were the largest since October '11. Chicken exports are expected to remain solid and supportive of chicken leg quarter prices. Chicken wing prices are steady but remain historically inflated. Since '07, the average move for the jumbo cut chicken wing market during the next eight weeks is 6.4% higher.
Whole Chicken (2.5-3 lb-GA) Whole Chicken (LA) Chicken Wings, Whole Chicken Wings, Jumbo Cut Chicken Breast, Bone-In Chicken Breast, Bnless Sknless Chicken Tender (random) Chicken Tender (sized) Chicken Legs (whole) Chicken Leg Quarters
Market Trend Steady Steady Increasing Steady Increasing Decreasing Steady Steady Increasing Decreasing
Supplies Good Good Good Good Good Good Good Good Good Good
Price vs. Last Year Higher Higher Higher Higher Higher Higher Higher Higher Lower Higher
Chicken Thighs, bone in Chicken Thighs, boneless Large Eggs Medium Eggs Whole Eggs- Liq Egg Whites- Liq Egg Yolks- Liq Whole Turkey (8-16 lb) Turkey Breast- Bnls/Sknls
Seafood Report
Seafood- During August, U.S. shrimp imports were 23% smaller than last year while
shell-on shrimp imports were down 18% from a year ago. This was due largely to a depreciating U.S. dollar during the month. A lower dollar this fall could discourage shrimp imports. Various shrimp markets have a tendency to appreciate modestly during the fall. Last year, the 61/70 shrimp market increased 2.4% during the next seven weeks.
Salmon, Whole (10-12 lb) Catfish, Filets Trout, Drn. (8-14 oz) Shrimp (16-20 count) Shrimp (61-70 count) Shrimp, Tiger (26-30 count) Snow Crab Legs (5-8 oz) Snow Crab Legs (8 oz up) Cod Tails, 3-7 oz. Frz. Cod Loins, 3-12 oz. Frz. Salmon Portions, 4-8 oz. Frz.
Market Trend Steady Steady Steady Increasing Increasing Increasing Increasing Steady Increasing Decreasing Steady
Supplies Good Good Good Good Good Good Good Good Good Good Good
Price vs. Last Year Lower Lower Higher Lower Higher Lower Lower Lower Higher Lower Lower
PS-CHH-utensils, cups, to-go cont. PP-HIGP-heavy grade utensils PE-LLD-can liners, film, bags
Steady
Canned 6/10 Corn, Fancy Whole Kernel Green Beans, Fancy 4 sv Green Peas, Fancy 4 sv/blend Frozen Corn, Cob 96 count Corn, Kernel 12/2.5 lb. Green Beans, Cut 12/2 lb. Green Peas, 12/2.5 lb. Potatoes, FF Fancy, 6/5 lb.
Market Trend
Steady
Steady Steady Steady Steady Steady Steady Steady
Price vs. Last Year Higher Higher Higher Higher Higher Higher Higher Higher
Produce Report
Produce- The Idaho potato harvest is winding down with overall output anticipated to be
near 10% larger than the previous year. The Idaho potato markets are historically depressed. The downside potato price risk from current levels is likely nominal. Iceberg lettuce continues to price at relatively engaging levels. The chief lettuce harvest area is transitioning to Huron and will soon shift to the Yuma-Imperial Valley. No major lettuce supply gaps are anticipated. Mature green tomato prices can become erratic during the fall. The Florida tomato harvest is getting underway.
Market Trend
Supplies
Limes (150 count) Lemons (95 count) Lemons (200 count) Honeydew (6 ct.) Cantaloupe (15 count) Blueberries (12 count) Strawberries (12 pints) Avocados, Hass (48 count) Bananas (40 lb)-Term. Pineapple (7 ct.)- Term. Idaho Potato (60 count) Idaho Potato (70 count) Idaho Potato (70 count)-Term. Idaho Potato (90 count) Idaho Potato #2 (6 oz. min.) Processing Potato (100 lb) Yellow Onions (50 lb) Yellow Onions (50 lb)-Term. Red Onions (25 lb)-Term. White Onions (50 lb)-Term. Tomatoes, (large- case) Tomatoes, (5x6, 25 lb.)-Term. Tomatoes, Vine Ripe, (4x5) Roma Tomatoes (large- case) Roma Tomatoes (xlarge- case) Green Peppers (large- case) Red Peppers (large- 15 lb. cs.) Iceberg Lettuce (24 count) Iceberg Lettuce (24 cnt)-Term.
Decreasing Steady Decreasing Increasing Steady Decreasing Increasing Decreasing Increasing Increasing Decreasing Decreasing Increasing Decreasing Decreasing Steady Decreasing Decreasing Decreasing Increasing Increasing Increasing Increasing Decreasing Decreasing Increasing Increasing Increasing Decreasing
Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good Good
Lower Lower Higher Higher Lower Lower Higher Lower Higher Lower Lower Lower Lower Lower Lower Lower Lower Lower Higher Lower Higher Lower Same Higher Higher Lower Higher Higher Higher