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chicken

CHICKEN MARKET

What’s up in the chicken market?

The chicken market as a whole is strong across the board. Labor continues to play a significant role in keeping available product snug. Boneless breast is rising daily, and supplies remain very limited. Tenders are in great shape, thigh meat is hanging in, and bone in dark meat is showing strength as well. Offal is becoming more difficult to come. Wogs and fryers are still holding their own at record values. Though some relief may be experienced, loads are still highly sought after at premium costs.

What's happening next week?

Look for more of the same this week. Boneless breast will remain tight and in high demand.

The BIGGEST SNOWSTORM you were ever in. Tell us something interesting!

The biggest snowstorm I ever experienced was actually a combo of back to back blizzards in February of ’08 (I think). I lived in a townhouse community with street parking, so we ran out of places to throw the shoveled snow.  We had to build open igloo type structures to so we could parallel park our cars. It was miserable…

Man sitting in front of a dry erase board and window  wearing a black best.

Ryan Baldwin

Poultry Procurement / Sales

Cell: 410-241-8162

Office: 410-727-6210 ext. 115

rbaldwin@statestreetpoultry.com

beef

BEEF MARKET

What’s up in the beef market?

As Omicron runs  across the country, the Beef industry has had to deal with the effects again i.e, demand changing, labor shortages, transportation issues and overall continued turmoil caused by this new variant.  How long will this last and how long will the market continue to have to react to these circumstances that have been imposed by the effects of the rapid spread of Omicron?  With Labor shortages running through the plants, the resulting slowing of chain speeds and in turn reduction in the amount of beef processed, the kill came in far below what had been expected.

What's next week's special?

Grading also continues to remain at impressive levels with USDA Choice and Higher making up almost 85% of the Beef produced

The BIGGEST SNOWSTORM you were ever in. Tell us something interesting!

I remember all my big snow storms being when I lived in Germany growing up. I think snow flakes are bigger over there..lol

Man wearing a striped dress shirt and sweater taking a selfie in a mirror.

Andreas Conquest

Director of Beef Procurement

Cell: 770-864-2716

aconquest@statestreetpoultry.com

seafood

SEAFOOD MARKET

What’s up in the seafood market?

Whole snapper continues to rise in price as availability  is not as plentiful as last year.  Cost on larger size fish have almost doubled between sub-species and have easily doubled with the higher quality pure reds.

 Croaker, tilapia, swai and a few other “main stays” have flattened out and are becoming more accessible.

Thoughts for next week?

We are seeing more availability on shrimp, croaker and tilapia.  Pricing is holding for now steady but will continue to watch next week. 

The BIGGEST SNOWSTORM you were ever in. Tell us something interesting!

In 1996 we got about 16-18 inches of snow where I grew up.  It took days to dig out and walk on foot to get food staples such as bread and milk even after we stocked up.  I also walked around with my cousins and made over $400 shoveling neighbor’s driveways. 

a

Mike Palmer

Seafood Procurement / Sales

Office: 410-727-8428

mpalmer@statestreetpoultry.com

pork

PORK MARKET

What’s up in the pork market?

The pork cutout declined week on week due mostly to a lower ham primal and from softness in the loin. Last week, weekday hog slaughter averaged near 461k head – below the December average near 470k head per day. Total weekly hog slaughter was down 9.2% Y/Y and down 4.7% from the 2019 level . The USDA made only marginal changes in their 2021 US pork S&D estimates – the USDA showed 2021 pork production down 2.1% Y/Y with Q4 down 4.1% Y/Y. The USDA raised 2021 imports and lowered exports (imports +31.6% Y/Y and exports - 2.6% Y/Y) .

 

Thoughts for next week?

The USDA boosted 2022 pork imports by 9% from previous estimate and showed imports up 9.2% Y/Y - 2022 pork exports were cut by 5.4% from previous estimate and were estimated to be down 1.2% from the 2021 level

The BIGGEST SNOWSTORM you were ever in. Tell us something interesting!

I remember all my big snow storms being when I lived in Germany growing up. I think snow flakes are bigger over there..lol

Man wearing a striped dress shirt and sweater taking a selfie in a mirror.

Andreas Conquest

Director of Beef Procurement

Cell: 770-864-2716

aconquest@statestreetpoultry.com