Beef (Commodity)

Near Term Pricing: Increasing
Supply vs. Demand: Short – Mixed
Packers are tightening supply to maximize profit ahead of an expected seasonal slowdown, pushing prices higher. Inventory remains tight across multiple cuts, especially middle meats. A price correction is likely later this month, but short-term volatility will continue in the wake of the holiday.

Butter

Near Term Pricing: Increasing
Supply vs. Demand: Available – Steady
Butter production remains steady overall, with ample cream available despite regional tightening. Export demand is strong, particularly in international markets. Domestic demand is softer in the Central U.S., but strong elsewhere, keeping pricing firm.

Cheese

Near Term Pricing: Decreasing
Supply vs. Demand: Available – Steady
Cheese output is mostly steady, though heat is reducing milk supply and tightening spot milk availability. Export demand is improving, while domestic orders dipped during the shorter holiday week. Some producers are struggling to run full schedules due to limited milk access.

Fluid Dairy

Near Term Pricing: Increasing (Class I & II)
Supply vs. Demand: Steady (Class I & II)
Prices for fluid milk and cultured products are rising this month. Supply is stable, but processors are facing cost increases tied to heat-related production shifts and input costs.

Oils/Shortening

Near Term Pricing: Mixed
Supply vs. Demand: Available – Steady
Soy oil pricing remains elevated with little relief expected soon due to biofuel policy uncertainty and global tensions. Palm oil saw slight declines, but cube shortenings and margarine remain high. Without major weather disruptions, pricing is being driven more by politics than planting.

Pork (Commodity)

Near Term Pricing: Mixed
Supply vs. Demand: Available – Strong
The pork butt and sparerib markets are poised for a major reset. Expect price drops of up to 35% by month’s end as supply catches up with post-holiday demand. For now, availability remains solid.

Pork (Value-Added)

Near Term Pricing: Decreasing
Supply vs. Demand: Available – Steady
Despite broader pork declines, bacon pricing is expected to rise into late July. Processors are adjusting inventories, but tightness in bellies is keeping upward pressure on value-added products.

Poultry (Chicken)

Near Term Pricing: Mixed
Supply vs. Demand: Mixed – Steady
Jumbo and medium breast meat prices dropped sharply in recent weeks but have stabilized. Wing pricing is on the rise, and demand for dark meat remains strong. Supply levels vary by part, with the back half of the bird trending higher.

Poultry (Turkey)

Near Term Pricing: Increasing
Supply vs. Demand: Short – Steady
Avian Influenza continues to affect availability. Tom breast meat pricing is climbing as demand outpaces supply. Nearly all cuts remain tight and are difficult to source reliably.

Produce

Near Term Pricing: Mixed
Supply vs. Demand: Steady to Short
Weather disruptions have caused price increases in bell peppers, broccoli, iceberg, romaine, and value-added lettuce. Strawberries and lemons are also tight. Apples, avocados, onions, and small russets are stable. Large russets and grapes remain limited, with new crop overlap expected mid-August.

Seafood

Near Term Pricing: Increasing
Supply vs. Demand: Mixed
Tariff uncertainty is putting pressure on prices for imported seafood. All major species are trending up as buyers wait for July 9 developments. Market direction will depend on upcoming trade rulings.

Shell Eggs

Near Term Pricing: Steady
Supply vs. Demand: Available – Steady
Retail promotions helped boost demand, pushing up pricing on caged and carton stock. Breaking stock remains softer with slower movement. Supply is adequate but sensitive to demand swings.

Sugar

Near Term Pricing: Steady
Supply vs. Demand: Available – Steady
U.S. cane and beet sugar remain well supplied, keeping prices stable. While Mexican imports are lagging, domestic inventory and raw imports are steady. Tariffs are a factor, but no major short-term price shifts are expected.

Wheat (Flour Based Products)

Near Term Pricing: Steady
Supply vs. Demand: Available – Steady
Minor price bumps are tied to processing capacity, not raw supply. European crops are improving, suggesting future pricing relief. For now, the market remains stable with little volatility expected in July.