Beef (Commodity)

Near Term Pricing: Mixed
Supply vs. Demand: Available – Mixed

The beef market remains firm into September, with premium middle meats providing the most price pressure. Rib items show the most strength, while chucks, rounds and several sirloin items look more favorable into fall. Ground beef and trim markets are expected to ease later in the year.

Butter

Near Term Pricing: Mixed
Supply vs. Demand: Available – Steady

Steady domestic demand, mixed-to-strong exports, ample milk supplies and robust production point to comfortable near-term availability. Regional cream tightness varies by area. Strong output is expected through 2026 and into 2027, constraining a sustained recovery. Source: USDA AMS, S&P Global

Cheese

Near Term Pricing: Decreasing
Supply vs. Demand: Available – Steady

Cheese markets remain steady to weak as ample milk sustains active production, with output expected above year-ago levels through 2026 and into 2027. Record exports provide an outlet. Declining European milk supply is tightening spot availability abroad. Source: USDA AMS, S&P Global

Fluid Dairy Class I

Near Term Pricing: Decreasing
Supply vs. Demand: Available – Steady

Class I fluid milk pricing is expected to see a large cost decrease for September. This follows broader movement in the Class I market and reflects current USDA-published pricing formulas heading into the fall production cycle.

Fluid Dairy Class II

Near Term Pricing: Decreasing
Supply vs. Demand: Available – Steady

Class II pricing, covering creams and cultured products, is expected to see only a very minimal cost decrease for September. Supply remains available and steady, with limited movement expected in the category through the near term.

Oils/Shortening/Margarine

Near Term Pricing: Steady
Supply vs. Demand: Available – Strong

Soy oil has swung higher on global uncertainty after easing on favorable crop weather; canola tracks a similar pattern on a large Canadian crop outlook. Tallow remains elevated and supply-sensitive. Palm has eased on softer export demand, with prices expected mostly steady to slightly higher.

Pork

Near Term Pricing: Commodity – Decreasing | Value-Added – Decreasing
Supply vs. Demand: Available – Steady

The pork complex is moving toward a softer fall market. Butts, ribs and loins should remain manageable as seasonal demand fades, with bellies among the softer items. Value-added pork benefits similarly, with lower belly values easing bacon costs and softer trim aiding sausage and ground pork.

Poultry (Chicken)

Near Term Pricing: Mixed
Supply vs. Demand: Available – Steady

Chicken markets are mixed and mostly steady. Whole birds and breast meat remain directionless, with NAE breasts under more pressure than conventional. Tenders remain well supported by active demand, wings continue to soften, and dark meat is steady with improving support for drums and leg meat.

Poultry (Turkey)

Near Term Pricing: Mixed
Supply vs. Demand: Short – Mixed

Turkey markets remain firm on whole birds and breasts, with limited availability supporting pricing and tight supplies. Parts are mostly balanced with steady demand for drums, wings, necks and gizzards. Thigh meat, trim, scapula and ground wing meat face softer demand and mild price pressure.

Produce

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

Apples face limited availability as fall harvest begins and school demand builds. Avocados and tomatoes are steady to mixed by size. Broccoli and lemons are tight, trending higher. Iceberg and romaine remain plentiful and steady. Onions are elevated on lower Southwest yields and high freight costs.

Seafood

Near Term Pricing: Mixed
Supply vs. Demand: Available – Steady

Seafood markets remain mixed, with some categories under supply pressure and others well balanced. Shrimp sees broad-based pressure from strong imports and ample global supply. Lobster is trending softer as availability improves; crab is steady, and groundfish stays tight on supply and freight.

Shell Eggs

Near Term Pricing: Steady
Supply vs. Demand: Available – Steady

Shell egg demand strengthened modestly as retail movement improved and promotional activity increased, though moderate supplies kept a steady-to-weak tone. Egg-breaking and processed-product channels remained soft, with breakers holding ample offerings against light demand. Source: USDA AMS

Sugar

Near Term Pricing: Steady
Supply vs. Demand: Available – Steady

Bulk domestic sugar pricing is expected to remain generally steady over the next several weeks as the U.S. supply outlook has moderated. USDA raised projected 2026/27 supplies on larger beginning stocks and imports, lifting the stocks-to-use ratio ahead of the fall baking season.

Wheat (Flour-Based Products)

Near Term Pricing: Steady
Supply vs. Demand: Available – Mixed

Bulk flour pricing is expected to stay firm to higher through September. Wheat futures have advanced sharply on a U.S. production forecast at its lowest level since 1970/71, alongside reduced domestic supplies and continued uncertainty around world export activity.