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chicken

CHICKEN MARKET

What’s up in the chicken market?

The chicken market has held up shockingly well during July, and should still hang in as we head into August.  Wogs are steady, wings are hanging in, as are tenders.  Bnls breast is showing some weakness, but it could be short lived.  

What's happening next week?

Bnls breast is showing some weakness, so stay tuned.

What is your favorite side dish?

Any type of potato…mashed, baked, au gratin. I’ll eat pretty much anything.

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?

The Beef market seemed to react just the way that was anticipated this past week. The Packers continue to work through inventory issues, and yet at the end of each week, while in better position than the week prior, the quantities that they are carrying forward are still too high to prevent an erosion of the value of the Cutout as they maintain harvesting levels above the 650k mark.

What's next week's special?

Cattle performance continues to decline as is typical, although at varying degrees, this time of year.  USDA Prime grading has dropped from over 12% nationally, to less than 8%.  Retail and Foodservice demand for Prime Beef has continued to stay strong and has led to a continuing increase in the value of USDA Prime Beef as the rest of the market declines.  

What is your favorite side dish?

My Favorite side dish is mac and cheese. 

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?

We are seeing less product as the summer moves on.  Ports continue to struggle with shipping product as labor and container shortages are reaching an all time high.  What little bit of product that is found comes at a premium.

Thoughts for next week?

We will keep plugging away as we hit peak vacation season and look forward to August.  We are watching the labor issues increase with new Covid strain causing bottle necks at the ports.   

What is your favorite side dish?

My favorite side dish is French fries.

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Mike Palmer

Seafood Procurement / Sales

Office: 410-727-8428

mpalmer@statestreetpoultry.com

pork

PORK MARKET

What’s up in the pork market?

The outlook for increasing supply in a time frame when pork production is on the rise could be seen as a bearish fundamental setup. Making for a long overdue correction in the pork market. Expect the pork prices to continue to decline into the dog days of summer. 

Thoughts for next week?

Q2 pork production has been above last year’s COVID-19-disrupted levels. However, lighter slaughter and potentially lighter carcass weights in Q3 suggests pork production could be 3% below last year, 

What is your favorite Olympic memory?

My Favorite side dish is mac and cheese. 

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