To learn more, please contact Jeff Mokotoff, Esq. The Weekly Commodity Report, published by the American Restaurant Association Inc., provides foodservice professionals with advanced knowledge of pricing in the beef, poultry, produce, dairy, canned tomato, paper product, plastic product, seafood, coffee, sugar, pork, oil, rice and lamb markets on a weekly basis. Prior notice of rising or decreasing costs and how market trends affect food quality is provided to aid professionals and their staff in making profitable food purchases, pricing, and menu decisions. Appealing live cattle prices are forecasted to persist over the next month, which should temper the typical upward trends in the tenderloin and rib eye markets. The cheese markets are struggling to maintain at the existing price levels due in part to heavy cheddar supplies.
Early indications are for a steady market next week, with possible price declines impending.
Last week's USDA wheat forecast is noting a larger than expected crop which is compelling prices lower. The chicken breast markets have declined for the first time since mid-July. Additional price reductions could be forthcoming. The Produce Report Iceberg lettuce continues to trade at elevated price levels, however moderate relief could be pending. A truck shortage along with buyer resistance is pressuring the market lower.