Market Trends with Tracy
In foodservice, making smart menu decisions can be the difference between open, and closed. Follow along each week as we try to make sense of the many links in our food service supply chain, and how that affects the food you serve. Saval Foodservice's own veteran purchaser, Tracy Anderson, takes you through the major market updates.
Saval Foodservice is a broadline foodservice distributor located in Elkridge, Maryland, and has been a family-owned & operated business since 1932. We serve the area's independent restaurants, caterers, delis, hotels, and other eateries. Our products range from fresh produce, seafood, custom-cut meat, groceries, beverages, our own line of Saval Deli delicatessen products, and cleaning supplies.
We created this podcast in 2020 to keep our customers informed of the suddenly volatile market. Market Trends with Tracy is written & recorded by Tracy Anderson. Produced & Edited by Deanna Segreti and Shelby Reister. For questions or inquiries about the show, email sfssocialmedia@savalfoods.com
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Market Trends with Tracy
Tentative Good News for Beef
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We are well into spring now and some things are shaking in the beef market. First good news, though the strike is not settled, the JBS workers are returning to work while negotiations continue. Good news, beef harvest increased to 533K still running about 10% behind last year, supplies remain very tight. Good news, market prices seem to be pushing back a bit, maybe this is moving higher too quickly? I still think this bull market will continue to move higher into spring, but I do think we’ve got a little breather for a week or so. Rounds and chucks are both down a bit this week, more good news. Middle meats are steady to slightly higher this week, but thin meats, those flanks, skirt, sirloin flat meat, all still expensive and moving higher. Typically, thin meats will peak around Cinco de Mayo, which is not that far way.
POULTRY: Chicken production continues to outpace last year, up 2% so far this year. Hatch rate is improving 79.3% - chicken is in full production. Demand is right there with it, chicken, still a great value in protein, but pricing is moving higher. Boneless skinless randoms breasts, tenders, party wings, all moving higher. I think we’ll see this market move higher the next few weeks.
On Avian flu, a relatively good week with 3 new cases affecting 111K birds. As spring migration tapers off let's hope the virus does too.
GRAINS : Corn barely moved from $4.54 to $4.53 this week. Wheat about the same, soy is holding onto all their recent gains. With the cost of fuel moving higher, demand for biofuels will increase, soy and canola continue to inch up on daily markets.
PORK: Last week bellies closed at $149, same this week, steady at $149. I’m thinking we will continue in this $150 market for a few more weeks, next move should be higher, but I’m going to push that out a few weeks. The rest of the pork complex is well supplied and priced well. Butts inch up a penny, loins and ribs steady.
DAIRY Dairy markets holding pretty steady for the week, Thru Thursday’s CME close block is down 2, barrel is steady, no change, and butter down 4. Spring production is good and availability is very good.
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