Download - Sysco Weekly Market Trends Report 9/21/2012
WEEKLY MARKET
TRENDS REPORT
September 21, 2012
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
Market Report provided by American Restaurant Association-
www.AmericanRestaurantAssociation.com- 888-423-4411
Beef, Veal and Lamb Report Beef, Veal & Lamb- Beef production last week was .8% larger than the previous year. Declining packer margins are slowing beef output and supporting beef prices. Still, various beef end cut markets are expected to peak soon. Last year choice chuck prices fell 14% in the fourth quarter. U.S. retail beef prices during August were up 5.8% versus '11 and the second highest on record. Record high retail beef prices are likely to persist this fall. Domestic retail gasoline prices are rising and are roughly 7% above the same week in '11. Inflated retail beef and gasoline prices could curb beef demand in the coming months.
Market Trend Supplies Price vs. Last Year
Live Cattle (Steer) Increasing Good Higher
Ground Beef 81/19 Increasing Good Higher
Ground Chuck Decreasing Good Higher
109 Export Rib (choice) Increasing Good Higher
109 Export Rib (prime) Decreasing Good Higher
112a Ribeye (choice) Increasing Good Higher
112a Ribeye (prime) Decreasing Good Higher
116 Chuck (choice) Increasing Good Higher
120 Brisket (choice) Increasing Good Higher
121c Outside Skirt (ch/sel.) Increasing Good Higher
167a Knckle, Trimmed (choice) Increasing Good Higher
168 Inside Round (choice) Decreasing Good Higher
174 Short Loin (choice 0x1) Decreasing Good Higher
174 Short Loin (prime 2x3) Increasing Good Higher
180 1x1 Strip (choice) Increasing Good Higher
180 1x1 Strip (prime) Decreasing Good Higher
180 0x1 Strip (choice) Decreasing Good Higher
184 Top Butt, boneless (choice) Decreasing Good Lower
184 Top Butt, boneless (prime) Decreasing Good Higher
185a Sirloin Flap (choice) Decreasing Good Higher
185c Loin, Tri-Tip (choice) Decreasing Good Lower
189a Tender (select, 5 lb & up) Decreasing Good Higher
189a Tender (choice, 5 lb &up) Decreasing Good Higher
189a Tender (prime, heavy) Increasing Good Higher
193 Flank Steak (choice) Decreasing Good Lower
50% Trimmings Increasing Good Lower
65% Trimmings Steady Good Lower
75% Trimmings Decreasing Good Higher
85% Trimmings Decreasing Good Higher
90% Trimmings Decreasing Good Higher
Market Report provided by American Restaurant Association-
www.AmericanRestaurantAssociation.com- 888-423-4411
90% Imported Beef (frozen) Decreasing Good Higher
Veal Rack (Hotel 7 rib) Increasing Good Higher
Veal Top Round (cap off) Increasing Good Higher
Oil and Grains Report Oil & Grains- The grain harvest is progressing placing downward pressure on grain prices. Yet, grain stocks
remain historically tight. The grain markets should remain inflated this fall.
Market Trend Supplies Price vs. Last Year
Soybeans Decreasing Good Higher
Crude Soybean Oil Decreasing Good Lower
Soymeal Decreasing Good Higher
Corn Decreasing Good Higher
Crude Corn Oil Steady Good Lower
Distillers Grain, Dry Decreasing Good Higher
Crude Palm Oil Decreasing Good Lower
Hard Red Winter Wheat Decreasing Good Higher
Dark Northern Spring Wheat Decreasing Good Higher
High Fructose Corn Syrup Decreasing Good Higher
Durum Wheat Increasing Good Lower
Market Report provided by American Restaurant Association-
www.AmericanRestaurantAssociation.com- 888-423-4411
Dairy Report
Dairy- The cheese markets are firm. Fonterra's recent dairy auction resulted in modestly higher cheese prices. Still,
Fonterra's global cheese price average is at a $.25 discount to the existing U.S. cheese block market. This isn't a
healthy sign for U.S. cheese exports. Since '07, the average move for the cheese block market over the next six weeks
is 3.2% lower. The CME butter market is steady. The five year average move for the butter market from now through
the end of the year is 17% lower. Any fall butter and cheese market declines this year could be tempered.
Market Trend Supplies Price vs. Last Year
Cheese Barrels- CME Increasing Good Higher
Cheese 40 lb Blocks- CME Increasing Good Higher American Cheese Increasing Good Lower Cheddar Cheese Increasing Good Lower Mozzarella Cheese Increasing Good Lower Provolone Cheese Increasing Good Higher Parmesan Cheese Increasing Good Higher Butter- One lb Solids Increasing Good Higher
Nonfat Dry Milk Increasing Good Higher
Whey, Dry Increasing Good Lower
Class I Milk Base Steady Good Lower
Class II Cream (Heavy Cream) Decreasing Good Lower
Class III Milk- CME Increasing Good Higher
Class IV Milk- CME Steady Good Higher
Market Report provided by American Restaurant Association-
www.AmericanRestaurantAssociation.com- 888-423-4411
Pork Report
Pork- Pork production last week was 6% more than '11. Pork output is expected to remain seasonally strong which
should keep pork prices under downward pressure in the coming weeks. Still, the baby back rib and 72% pork trim
markets are presenting value. During the last ten years, the baby back rib market priced below $2 on only eight weekly
occurrences. The 72% pork trim market is 39% below its five year weekly average. U.S. retail pork prices in August
were .2% below '11 but the highest since November.
Market Trend Supplies Price vs. Last Year
Live Hogs Increasing Good Lower
Belly (bacon) Increasing Good Higher
Spare Rib (4.25 & down) Increasing Good Lower
Ham (23-27 lb) Steady Good Lower
Loin (bone-in) Decreasing Good Lower
Baby Back Rib (1.75 & up) Decreasing Good Lower
Tenderloin (1.25 lb) Decreasing Good Lower
Boston Butt, untrimmed 4-8 lb. Decreasing Good Lower
Picnic, untrimmed Decreasing Good Lower SS Picnic, smoker trim boxed Steady Good Lower 42% Trimmings Decreasing Good Lower 72% Trimmings Steady Good Lower
Market Report provided by American Restaurant Association-
www.AmericanRestaurantAssociation.com- 888-423-4411
Canned Tomato Report
Tomato Products, Canned- By the end of this week the CA tomato harvest is forecasted to be 9.5% larger than
last year. The canned tomato markets remain firm.
Market Trend Supplies Price vs. Last Year
Whole Peeled Standard Steady Good Higher
Diced, Fancy Steady Good Higher
Ketchup, 33% Steady Good Higher
Tomato Paste- Ind. Steady Good Higher
Market Report provided by American Restaurant Association-
www.AmericanRestaurantAssociation.com- 888-423-4411
Poultry Report
Poultry- Spot feed costs for chicken producers have modestly declined as of late but producer margins remain historically poor. Broiler output rates are anticipated to slow from current levels in the coming months. However, weekly broiler-type egg set data has yet to confirm any significant production cutbacks versus a year ago. The ARA daily chicken breast index has fallen 10.1% since August 30th. History points to the chicken breast markets declining even further, roughly 13% over the next seven weeks. The Northeast chicken wing market recently priced at its highest level since January. Record high chicken wing prices are likely to occur this fall. Retail chicken prices during August were 5.3% above a year ago.
Market Trend Supplies Price vs. Last Year
Whole Chicken (2.5-3 lb-GA) Steady Good Higher
Whole Chicken (LA) Steady Good Higher
Chicken Wings, Whole Decreasing Good Higher
Chicken Wings, Jumbo Cut Decreasing Good Higher
Chicken Breast, Bone-In Decreasing Good Higher
Chicken Breast, Bnless Sknless Decreasing Good Higher
Chicken Tender (random) Decreasing Good Higher
Chicken Tender (sized) Decreasing Good Higher
Chicken Legs (whole) Decreasing Good Lower
Chicken Leg Quarters Increasing Good Higher
Chicken Thighs, bone in Decreasing Good Lower
Chicken Thighs, boneless Increasing Good Lower
Large Eggs Steady Good Higher
Medium Eggs Steady Good Higher
Whole Eggs- Liq Increasing Good Higher
Egg Whites- Liq Increasing Good Higher
Egg Yolks- Liq Increasing Good Higher
Whole Turkey (8-16 lb) Steady Good Higher
Turkey Breast- Bnls/Sknls Increasing Good Lower
Market Report provided by American Restaurant Association-
www.AmericanRestaurantAssociation.com- 888-423-4411
Seafood Report
Seafood- In July total U.S. shrimp imports were 7.3% less than last year. Shell-on imports were up 4.8%. The shrimp markets are relatively steady. Shrimp imports may wane if the U.S. dollar valuation continues to decline which may translate to more expensive shrimp prices this fall. The U.S. imports roughly 90% of its shrimp needs. In August, fresh fish & seafood retail prices were down .4% versus '11 and were lowest since February.
Market Trend Supplies Price vs. Last Year
Salmon, Whole (10-12 lb) Steady Good Lower
Catfish, Filets Steady Good Lower
Trout, Drn. (8-14 oz) Steady Good Higher
Shrimp (16-20 count) Increasing Good Lower
Shrimp (61-70 count) Increasing Good Lower
Shrimp, Tiger (26-30 count) Decreasing Good Lower
Snow Crab Legs (5-8 oz) Steady Good Lower
Snow Crab Legs (8 oz up) Steady Good Lower
Cod Tails, 3-7 oz. Frz. Decreasing Good Higher
Cod Loins, 3-12 oz. Frz. Steady Good Lower
Salmon Portions, 4-8 oz. Frz. Steady Good Lower
Market Report provided by American Restaurant Association-
www.AmericanRestaurantAssociation.com- 888-423-4411
Bean, Rice, Coffee and Sugar Report
Market Trend Supplies Price vs. Last Year
Pinto Beans Decreasing Good Lower
Black Beans Steady Good Lower
Rice, Long Grain Steady Good Lower
Coffee Beans Decreasing Good Lower
Sugar Decreasing Good Lower
Honey Increasing Good Higher
Paper Product Report
Wood Pulp (paper) Market Trend Supplies Price vs. Last Year
NBSK- Paper napkin Increasing Good Higher
42 lb. Linerboard-corrugated box Increasing Good Higher
Plastic Resins (plastic, foam)
PS-CHH-utensils, cups, to-go cont. Steady Good Higher
PP-HIGP-heavy grade utensils Steady Good Higher
PE-LLD-can liners, film, bags Steady Good Higher
Retail Price Change from Prior Month
Apr-11 Mar-11 Feb-11
Beef and Veal Increasing Increasing Increasing
Dairy Increasing Increasing Increasing
Pork Decreasing Increasing Increasing
Chicken Increasing Decreasing Increasing
Fresh Fish and Seafood Increasing Increasing Increasing
Fresh Fruits and Vegetables Decreasing Increasing Increasing
Market Report provided by American Restaurant Association-
www.AmericanRestaurantAssociation.com- 888-423-4411
Processed Fruits and Vegetables Report
Processed Fruits and Vegetables- The USDA estimates the '12 green bean for processing harvest to be
slightly lower versus '11 and the smallest since 1995. The markets are firm.
Canned 6/10 Market Trend Supplies Price vs. Last Year
Corn, Fancy Whole Kernel Steady Good Higher Green Beans, Fancy 4 sv Steady Good Higher Green Peas, Fancy 4 sv/blend Steady Good Higher
Frozen
Corn, Cob 96 count Steady Good Higher Corn, Kernel 12/2.5 lb. Steady Good Higher Green Beans, Cut 12/2 lb. Steady Good Higher Green Peas, 12/2.5 lb. Steady Good Higher Potatoes, FF Fancy, 6/5 lb. Steady Good Higher
Market Report provided by American Restaurant Association-
www.AmericanRestaurantAssociation.com- 888-423-4411
Produce Report Produce- The potato markets are weakening due to the building harvest. Potato prices remain historically depressed which could temper further market weakness this fall. The 70 ct. ID potato market has not traded appreciably below the existing level since March '01. The chief tomato crops will transition south soon. Once Florida production picks up it could influence tomato prices lower. The Hass avocado market is pricing 27% below its three year average. Avocado supplies may improve in the coming weeks with the Mexican harvest. Usually avocado prices fade 22% during the fall.
Market Trend Supplies Price vs. Last Year
Limes (150 count) Steady Good Lower
Lemons (95 count) Steady Good Lower
Lemons (200 count) Decreasing Good Higher
Honeydew (6 ct.) Decreasing Good Higher
Cantaloupe (15 count) Increasing Good Higher
Blueberries (12 count) Increasing Good Higher
Strawberries (12 pints) Decreasing Good Higher
Avocados, Hass (48 count) Decreasing Good Lower
Bananas (40 lb)-Term. Increasing Good Higher
Pineapple (7 ct.)- Term. Decreasing Good Lower
Idaho Potato (60 count) Decreasing Good Lower
Idaho Potato (70 count) Decreasing Good Lower
Idaho Potato (70 count)-Term. Decreasing Good Lower
Idaho Potato (90 count) Decreasing Good Lower
Idaho Potato #2 (6 oz. min.) Decreasing Good Lower
Processing Potato (100 lb) Steady Good Lower
Yellow Onions (50 lb) Increasing Good Lower
Yellow Onions (50 lb)-Term. Decreasing Good Higher
Red Onions (25 lb)-Term. Increasing Good Higher
White Onions (50 lb)-Term. Increasing Good Higher
Tomatoes, (large- case) Increasing Good Same
Market Report provided by American Restaurant Association-
www.AmericanRestaurantAssociation.com- 888-423-4411
Tomatoes, (5x6, 25 lb.)-Term. Decreasing Good Lower
Tomatoes, Vine Ripe, (4x5) Decreasing Good Lower
Roma Tomatoes (large- case) Increasing Good Higher
Roma Tomatoes (xlarge- case) Increasing Good Higher
Green Peppers (large- case) Decreasing Good Lower
Red Peppers (large- 15 lb. cs.) Decreasing Good Lower
Iceberg Lettuce (24 count) Increasing Good Higher
Iceberg Lettuce (24 cnt)-Term. Increasing Good Higher
Produce Report (continued)
Leaf Lettuce (24 count) Decreasing Good Higher
Romaine Lettuce (24 count) Decreasing Good Lower
Mesculin Mix (3 lb)-Term. Increasing Good Lower
Broccoli (14 cnt.) Increasing Good Higher
Squash (case) Increasing Good Lower
Zucchini (case) Increasing Good Lower
Green Beans (bushel) Increasing Good Lower
Spinach, Flat 24’s Decreasing Good Higher
Mushrooms (large), Term. Steady Good Higher
Cucumbers, Bushel Decreasing Good Lower
Pickles (200-300 ct.)-Term. Decreasing Good Lower
Asparagus (small) Increasing Good Lower
Freight (CA to City Avg.) Steady Good Lower