NASHVILLE, TENN. (RFD-TV) — Seasonal shifts and supply quirks are tugging wholesale food costs in different directions — easing some fresh categories while keeping key proteins choppy. For produce buyers, several salad-bar staples are cheaper, helping menus and retail ads, while a few holiday-leaning items are tightening.
Leafy items are split — romaine and green leaf up on Salinas disease pressure, but iceberg down on added Huron supply. Broccoli and cauliflower fell sharply as earlier highs cooled demand; tomatoes (rounds, romas, grapes) trended lower. Red bells firmed; cucumbers, celery, and green beans moved higher. Potatoes and onions were steady, primarily to mixed; pears eased while several apple varieties gained. Avocados were mixed; citrus leaned softer (limes, early navels, lemons).
Beef grinds continued higher; strips and tenderloins firmed with ribs starting a holiday climb, while briskets and many chucks softened. Pork was mixed — loins and butts easing, tenders rallying, bellies ticking up, hams slightly lower. Chicken saw jumbo breast up, wings flat, thighs down; turkey breasts edged higher. Seafood was steady to firm for domestic shrimp, while imported shrimp rose on tariffs; Alaska snow crab quota nearly doubled. Edible oils weakened (soy), canola held modestly firmer, and palm slid; sugar offers stayed firm despite multi-year lows in global futures. Butter prices fell; shell eggs rose on HPAI headlines.
Farm-Level Takeaway: Expect modest relief on several produce lines, mixed protein trends into holiday buying, and softer veg-oil costs — a good week to sharpen forward buys selectively.
Tony St. James, RFD-TV Markets Expert
February 09, 2024 10:34 AM
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