Beef Report – May 2016

Beef production last week declined .6% but was 4.7% more than the same week last year. The large beef output schedules over the last month are believed to have cleaned up the excess cattle supplies from the feedlots. The recent rise in spot cattle and cattle futures along with declining weights affirms such. Since January 1st, the average slaughtered beef carcass weight has fallen 2.7% which is sizably more than the prior two years. All of this is occurring as beef demand is starting to escalate for the spring grilling season. Spot beef shipments last week were the largest in 6 months. Thus, many of the beef markets are expected to move higher during the next few weeks

 

Product Description

Market Trend

Supplies

Price vs. Last Year

Limes (150 ct)

Increasing

Good

Higher

Lemons (95 ct)

Increasing

Good

Lower

Lemons (200 ct)

Increasing

Short

Lower

Honeydew (6 ct)

Decreasing

Good

Higher

Cantaloupe (15 ct)

Steady

Good

Higher

Blueberries (12 ct)

Decreasing

Good

Higher

Strawberries (12 pnts)

Decreasing

Good

Lower

Avacados (Hass 48 ct)

Increasing

Good

Lower

Bananas (40 lb) Term

Decreasing

Good

Lower

Pineapple (7 ct) Term

Increasing

Good

Higher

Idaho Potato (60 ct. 50 lb)

Increasing

Short

Lower

Idaho Potato (70 ct. 50 lb)

Increasing

Short

Lower

Idaho Potato (70 ct.) Term

Increasing

Short

Lower

Idaho Potato (90 ct. 50 lb)

Steady

Short

Higher

Idaho Potato #2 (6 oz 100 lb)

Steady

Short

Higher

Processing Potato (cwt)

Steady

Short

Lower

Yellow Onions (50 lb)

Increasing

Good

Higher

Yellow Onions (50 lb) Term

Decreasing

Good

Higher

Red Onions (25 lb) Term

Increasing

Good

Higher

White Onions (50 lb) Term

Decreasing

Good

Lower

Tomatoes (large – case)

Decreasing

Good

Lower

Tomatoes (5×6 – 25 lb) Term

Decreasing

Good

Lower

Tomatoes (4×5 vine ripe)

Decreasing

Good

Lower

Roma Tomatoes (large-case)

Steady

Good

Lower

Roma Tomatoes (xlarge-case)

Steady

Good

Lower

Green Peppers (large-case)

Increasing

Good

Lower

Red Peppers (large 15 lb case)

Increasing

Good

Higher

Iceberg Lettuce (24 ct)

Decreasing

Good

Higher

Iceberg Lettuce (24 ct) Term

Decreasing

Good

Lower

Leaf Lettuce (24 ct)

Increasing

Good

Lower

Romaine Lettuce (24 ct)

Increasing

Good

Higher

Mesculin Mix (3 lb) Term

Increasing

Good

Lower

Broccoli (14 ct)

Decreasing

Good

Lower

Squash (1/2 bushel)

Increasing

Good

Higher

Zucchini (1/2 bushel)

Increasing

Good

Lower

Green Beans (bushel)

Decreasing

Good

Lower

Spinach, Flat 24s

Increasing

Good

Lower

Mushrooms (10 lb lg) Term

Steady

Good

Higher

Cucumbers (bushel)

Increasing

Good

Higher

Pickles (200-300 ct) Term

Increasing

Good

Lower

Asparagus (small)

Decreasing

Good

Same

Freight (Truck: CA-Cty Av)

Increasing

Good

Lower