Current Market News for the week of October 25th, 2020:
- The white egg market dropped as supplies surpassed demand.
- Butter dropped some. We expect the butter market to trade in this narrow range through the holiday season.
- The block and barrel cheese markets are rising. The barrel market, in particular, is rising rapidly — the spread between the markets has narrowed to .37 cents. If the federal government announces an extension of the Farms to Families Food Box program, the cheese markets will likely stay high.
- Blueberries are in much better supply; high volumes are expected to arrive from Mexico and Peru. Look for pricing to decrease on both 6 oz and pints this week. Quality is outstanding!
- Raspberries and blackberries are in excellent supply out of Mexico with nice quality. Look for promotable opportunities on both berries this week.
- Strawberries are in better supply now that volumes out of Mexico have ramped up. We are sourcing from Mexico to get the best of the new crop. Look for pricing to drop this week; this should help price points at retail level.
- Pineapple supplies will tighten as Costa Rican supplies are hampered by striking and civil unrest. Expect to see an increase in price.
- Mangos are in high demand from Brazil; pricing is higher. There will be little supply of the 10 count size due to extremely high demand.
- Mexican cantaloupes and honeydew have started crossing into Nogales, AZ with good supplies already in Arizona.
- Asparagus prices are lower this week out of Peru. Importers brought in extra supplies to meet demand. Supplies and harvests are limited on the West Coast.
- 11lb red, yellow, and orange bell peppers are promotable from Mexico and Canada. Quality is excellent, and supplies are plentiful.
- Green pepper prices are high as Georgia has not been able to harvest strong volumes yet. Supplies are expected to get better as the week progresses unless there are any weather issues.
- Green bean prices are expected to ease off as North Carolina started new crops. Georgia is also starting to up in better supplies as some early fields had been damaged by storms.
- Super select cucumbers are promotable out of Mexico and the Southeastern U.S. Quality has looked excellent from all regions and supplies are plentiful.
- Euro seedless cucumber prices are lower. Demand has weakened and both Canada and Mexico are harvesting.
- Collard greens and green kale are promotable out of New Jersey for the fall with excellent quality on the new harvests.
- NOTE: California iceberg lettuce growers will harvest until the second week of November when they transition down to Yuma, Arizona. Another week of unseasonably hot weather has turned pricing right back up again.
- ALERT! California leaf lettuces, romaine, and romaine hearts are extremely limited and expensive.
- Grape tomato prices are holding steady. Florida prices are higher as production has just started and quality is outstanding. Mexico and hothouse growers continue harvests, leaving steady supplies.
- Roma tomato prices will be high to start the week. Markets should ease as Florida gets going with stronger volume and availability. Mexican supplies remain sporadic as growers transition into new fields.
- Broccoli crowns are promotable with multiple growing regions going. We’ll focus on high-quality product from Maine and Pennsylvania.
Green cabbage is promotable as the fall harvests continue to come on. Quality is excellent right now out of PA and NJ. Red cabbage and savoy cabbage varieties are also available.