Beef (Commodity)

Near Term Pricing: Mixed

Supply vs. Demand: Available – Mixed

The beef complex is gradually softening as summer progresses. Choice and Select cutouts are easing, led by strip loins and sirloin cuts. Ribeyes and tenderloins remain strongest, while chucks and rounds continue offering stable value pricing.

Butter

Near Term Pricing: Decreasing

Supply vs. Demand: Available – Steady

Cream supplies remain ample with rising milk output and strong exports, though markets are expected to strengthen as last year’s heavy production period passes. East and Central regions show full production and steady demand; the West sees rising competition for cream. Source: USDA AMS and S&P Global

Canned Fruit (RTP Cherries, Apples, Blueberries)

Near Term Pricing: Increasing

Supply vs. Demand: Short – Strong

Frost and freeze events across Eastern and Midwestern growing regions will reduce 2026 availability of red tart cherries, apples, and blueberries. Red tart cherries could fall below 50% of normal tonnage, with apples and blueberries also short of expectations.

Canned Vegetables

Near Term Pricing: Increasing

Supply vs. Demand: Short – Strong

Availability and supply challenges may develop heading into the 2026 new pack season for items such as cream style corn and pickled sliced beets, with limited visibility into full-season volumes at this time.

Cheese

Near Term Pricing: Increasing

Supply vs. Demand: Available – Steady

Cheese fundamentals are improving despite mixed near-term signals, supported by strong exports. Milk supplies remain ample in the East; Central and West regions see rising mozzarella and cheddar demand with tightening inventories. European tourism demand adds further export support. Source: USDA AMS and S&P Global

Fluid Dairy – Class I

Near Term Pricing: Decreasing

Supply vs. Demand: Available – Steady

A significant cost decrease on milk products is expected for August, keeping Class I dairy pricing trending lower for the month, with supply remaining available and steady across the category.

Fluid Dairy – Class II

Near Term Pricing: Decreasing

Supply vs. Demand: Available – Steady

A modest cost decrease on creams and cultured products is expected for August, with Class II supply remaining steady and available heading into the back half of the month.

Oils/Shortening/Margarine

Near Term Pricing: Mixed

Supply vs. Demand: Available – Strong

Soy oil pricing is easing amid Iran trade talks and seasonal harvest expectations, with further softness possible absent major weather disruption. Tallow remains elevated on tight rendered beef fat supply. Palm-based products, including margarine, are expected to hold steady.

Pork (Commodity)

Near Term Pricing: Commodity: Mixed | Value-Added: Mixed

Supply vs. Demand: Commodity: Available – Steady | Value-Added: Available – Steady

The pork complex is expected to soften through August and fall as cutout and hog prices trend lower. Loins offer strong value, and belly prices are forecast to decline sharply, which should ease bacon and trim costs for value-added products.

Poultry (Chicken)

Near Term Pricing: Mixed

Supply vs. Demand: Available – Steady

Chicken markets remain mostly steady with adequate supply and moderate demand. Whole birds are negotiable, boneless breasts are stable to firm on tight select sizing, and dark meat markets are steady overall.

Poultry (Turkey)

Near Term Pricing: Mixed

Supply vs. Demand: Short – Mixed

Turkey markets are mixed but generally steady. Whole birds and breast items show the strongest support amid limited spot availability, while parts remain mostly balanced. Raw materials stay soft with uneven demand for breast and thigh meat.

Produce

Near Term Pricing: Decreasing – Tomatoes, Strawberries | Steady – Apples, Iceberg, Romaine, Bell Peppers, Avocados, Onions, Oranges | Increasing – Avocados, Lemons, Broccoli, Idaho Russets

Supply vs. Demand: Increasing/Steady – Tomatoes | Available/Steady – Avocados, Apples, Iceberg, Romaine, Bell Peppers, Strawberries | Decreasing/Strong – Broccoli, small Oranges, Lemons, Idaho Russets, Onions

Apples see Gala harvest underway; avocados tighten on larger sizes. Broccoli and tomato supplies are easing while iceberg and romaine remain heavy and top quality. Onions and lemons stay tight on lower yields, and Idaho russets tighten ahead of fall harvest.

Seafood

Near Term Pricing: Mixed

Supply vs. Demand: Available – Steady

Seafood markets remain stable with adequate supply across most categories. Shrimp pricing holds steady while salmon is mixed by origin. Lobster, crab, and select groundfish see firmer pricing on tighter supply, though the broader complex stays balanced.

Shell Eggs

Near Term Pricing: Decreasing

Supply vs. Demand: Available – Steady

Shell egg demand softened in early August as retail movement moderated and grocery feature activity eased. Foodservice-adjacent breaking stock demand stayed light, though processors maintained full schedules with some inventory building. Source: USDA AMS

Sugar

Near Term Pricing: Mixed

Supply vs. Demand: Available – Steady

Bulk domestic sugar pricing has stayed relatively flat this summer and may hold steady or rise slightly heading into fall baking season. Crop quality and weather conditions have not raised significant concerns at this time.

Wheat (Flour Based Products)

Near Term Pricing: Mixed

Supply vs. Demand: Available – Mixed

Bulk flour pricing is expected to remain relatively steady through August. Markets are watching weather and rainfall activity, but moves have been modest. Supply remains adequate to meet demand, with only minimal, localized changes expected.