Market Trends with Tracy

Avian Flu has now been detected in 29 states , with no additional states for the week.  The big two sectors hit are egg layers and turkeys. Usually those operations affected will be out of commission about six months, so this is not a short term issue.   Corn which closed at $8.18 up from last week’s $8.11.  This is a really high market.   Episode Sources:  https://www.aphis.usda.gov/aphis/ourfocu...

Avian Flu now has been detected in 29 states, three more added since last week.  31 million birds have been depopulated and removed from the food supply adding another 6 million birds since last week.    Shell eggs and turkeys seem to be the most affected so far.  We did not see the annual after Easter drop in shell egg prices and I would not expect to see that any time soon.  On the current marke...

Soy oil has moved to it’s highest trade level of the year.  Strong export demand and biofuels help keep pushing soy higher.  Wheat is tight, and expensive though I’m told come June or July we should see relief in availability of flour.  I’m not believing yet, but we will keep watching. Episode Sources: https://www.ams.usda.gov/market-news/daily-pork-reports https://usda.library.cornell.edu/concern...

Lets look at a few markets together and I’m starting again this week with Poultry because Avian Flu continues to grow.   Poultry As of yesterday avian flu has been detected in 24 states just one more than last week.  So far 23 million birds have been removed from the food chain, an additional 6 million birds for the week.  Hardest hit is Iowa and egg laying facilities.  Of the 23 million birds aff...

As of yesterday, avian flu has been detected in 23 states, up from last week at 17 states.  So far 17 million birds have been removed from the food chain, an additional 4 million birds for the week. .  Detection of avian flu in Minnesota is quite concerning as 20% of the US turkey population is raised in Minnesota.    As with last week, shell eggs are on a tear moving higher again for next week. ...

If you are in the local market I do hope you will be joining us at the Saval Foodservice 90th anniversary celebration this Monday at Maryland Live Casino & Resort.  I’ll be there doing what I do best… talking.     Avian flu has now been detected in 17 states with over 13 million birds removed from the food chain.  That doubles last week’s 6 million birds which doubled the prior week’s 3 millio...

Episode Sources: https://www.bloomberg.com/news/articles/2022-03-16/u-s-egg-prices-rise-as-deadly-bird-flu-strikes-ahead-of-easter https://www.healthline.com/health-news/avian-flu-outbreak-in-the-u-s-what-to-know-right-now https://www.google.com/maps/d/viewer?mid=1eE2FDL6Iwy9szQLuwi-rD0AwSuncNipk&usp=sharing https://urnerbarry.com/ https://www.uniprofoodservice.com/ http://www.cheesereporter.c...

Corn closed yesterday at $7.56 up from last week’s $7.29. Remember when we were worried about $5 corn? Yeah, us too.  Episode Sources: https://www.meatingplace.com/Industry/News/Details/103718   Avian News  | https://www.barchart.com/ | https://urnerbarry.com/ | http://www.cheesereporter.com/prices.htm | https://www.uniprofoodservice.com/ | https://www.ams.usda.gov/market-news/daily-pork-reports |...

Ukraine is the #1 supplier of sunflower oil in the world.  Sunflower oil is popular making crackers, cookies, and pastry applications.  If sunflower isn’t available these manufacturers will move to what’s available.  Now looking at Avian flu, a sixth commercial turkey flock has been identified with Avian flu in Indiana.  We now have 9 states with identified cases and three of those states the case...

Beef processors are keeping the plants humming, last week’s production of 663K head was up from the prior week’s 659K.   Bellies closed at $214 yesterday, up from last week’s $209.   Breasts now cost more that wings.  That usually doesn’t last long then breasts out price wings, so either wings will move up again or breasts will come down. My bet is wings will move higher into March.  The Avian Flu...

Thursday, February 17, 2022  Back with the latest Foodservice and Hospitality market update is veteran purchaser, Tracy Anderson from Saval Foodservice.  Savalfoods.com  |  Find us on Social Media :  Instagram ,  Facebook ,  YouTube ,  Twitter ,  LinkedIn

Take a seat bacon purchasers- it's a "buy what you need time". We’ve been looking for this market to move lower the last couple weeks and finally seeing it.  Last week’s harvest of 639K head was slightly down from the prior week’s 643K but with pretty mild demand the available product to demand is getting a bit out of balance.  Chucks, rounds, and thin meats are all moving lower, ri...

That groundhog can kiss… oh.. Never mind.  Let’s look at markets.     Beef : Production numbers continue to get better with 643K head harvested last week, up from 636K head the week before.  I think with this increased production and Valentine’s Day being on a Monday this year, lack of demand is going push this market lower.  As I said last week, I don’t think we will see lower prices before Valen...

The end of January is here and February is a short month.   Beef Production numbers continue to lag due to COVID and labor issues. Last week’s harvest of 636K head is heading in the right direction, the prior week’s final was adjusted down to 618K head.  Light production is pushing prices higher pretty much across all beef items.  Grinds continue to lead the way higher but chucks and rounds are mo...

COVID is hitting beef production pretty hard.  The last two weeks harvest has been at 620K head which is not sufficient to meet demand.  Pricing is mover higher to reflect the scarcity of product.  Ground beef usually moves up this time of year but it is in overdrive right now.  Chucks, and rounds are showing seasonal strength but we are also moving higher in middle meats, in the dead of winter, t...

If you've been to the grocery store in the past few days, the effects of Omicron/covid related staffing shortages are as clear as the empty produce shelves. On the foodservice front however, those shortages are not as severe, but certainly are there. Listen to the latest episode now!  Savalfoods.com  |  Find us on Social Media :  Instagram ,  Facebook ,  YouTube ,  Twitter ,  LinkedIn

It's the first report of the new year, and beef is starting to look "normal".  Overall the beef complex is acting as expected, while pork bellies continue to climb. Per usual, pork loins are the value choice in that segment. Listen to the full episode and feel free to leave us a comment on Instagram or Twitter @savalfoods . Learn more about us at savalfoods.com/market-trends Saval F...

Happy (almost) new year! This week we're taking a look at some meat prices that don't match historic trends. One notable call-out is that Chicken Wings are at their lowest since February 2021. However, they are the highest they have been in December since 2009.  Market Trends with Tracy 12/29 Savalfoods.com  |  Find us on Social Media :  Instagram ,  Facebook ,  YouTube ,  Twitter ,  Lin...

Well it's been a crazy year, so we're making our predictions for what might happen heading into 2022.  Savalfoods.com  |  Find us on Social Media :  Instagram ,  Facebook ,  YouTube ,  Twitter ,  LinkedIn

Clarified Costs | Market Trends with Tracy 12/9 Savalfoods.com  |  Find us on Social Media :  Instagram ,  Facebook ,  YouTube ,  Twitter ,  LinkedIn

Holiday Roundup | Market Trends with Tracy 12/3/21 Savalfoods.com  |  Find us on Social Media :  Instagram ,  Facebook ,  YouTube ,  Twitter ,  LinkedIn

Ribeye Relents | Market Trends with Tracy 11/27 We're back with an episode we recorded on Wednesday 11/24/21 to give you an update on the market! Learn more at https://savalfoods.com/market-trends/ Savalfoods.com  |  Find us on Social Media :  Instagram ,  Facebook ,  YouTube ,  Twitter ,  LinkedIn

Corn's Chemical Dependence | Market Trends with Tracy 11/18 As we head into the Holiday Season, we're seeing some typical and not-so-typical market moves.  Pork Belly dropped last week- as surprising move, while Dairy is keeping to the normal holiday increases. Grain is experiencing a chemical conundrum- the apparent very complex fertilizer market is skyrocketing, forcing farmers to choo...

How High Can Prices Go, If They Were Already High | Market Trends with Tracy 11/11 Here to break down what holiday pricing *might* look like, after an already expensive year is Tracy Anderson. Learn more at: https://savalfoods.com/market-trends/ Savalfoods.com  |  Find us on Social Media :  Instagram ,  Facebook ,  YouTube ,  Twitter ,  LinkedIn

Welcome To The Holiday Season | Market Trends with Tracy 11/4 First up – Thanksgiving in just three short weeks so let’s talk about turkeys.  The one time a year they get the center stage.  There has been quite a bit of news coverage about turkeys this year so lets look it with facts.  Correct, there are fewer turkeys to be had this year than last year. Production is about 6% below last year.  The...