market trends For week ending 12, 2021 market trends WEek ending March 12, 2021

Produce

Market Overview The Western Veg market has been steady over the past few MARKET ALERT weeks. The Yuma growing region saw a bit of a temperature drop • Apples – EXTREME as well as some rain which caused delays in product being pulled. • Bananas – ACT OF GOD/FORCE MAJEURE Most commodities still have a good supply available with good • Cauliflower - ESCALATED • Garlic – EXTREME quality as well. The growing region has been hit with • Ginger – EXTREME some rough weather leading to freezing on berries, but we are • Limes – EXTREME starting to return to regular temperatures. • We are seeing blister and discolored blister from freezes that have WATCH LIST affected the El Centro and Yuma areas. We are also dealing with • Raspberries & Blackberries in California mildew pressure in both areas as well. The weather will be getting warm over the weekend into the mid 80’s then cool back into the mid 70’s. Apples & Pears Yuma Valley has been hit hard by mildew. The eastern area was EXTREME: The Washington Apple community is clean last week but we are starting to see mildew in more fields reporting that the 2020-2021 crop is down this year this week. The mildew showing up in the eastern growing areas by nearly 30 million cases for several reasons. At this is going to cause issues along with some of the blister from the time, we are also seeing deficits in other regions on a freezes. national level. This is due to weather related pressure, late summer and early fall in the Pacific Northwest, Iceberg quality is poor right now in the Yuma area due to mildew and unprecedented demand at retail. Please keep in and now blister. Imperial valley is not dealing with the mildew quite mind, the USDA Food Box program, as well as other as bad. Mildew will be a concern going forward. government backed programs, have reduced the Romaine is looking better now that suppliers are starting in the overall availability of the fruit. This shortage is impacting eastern area without the mildew pressure and less mature product. the Granny Smith and Gala varieties, which are major But again, mildew is a major concern. food service items. Between the production shortages, which are weather related, unprecedented demand, Green Leaf is doing okay with mildew becoming a problem causing and COVID-19 restrictions and closures, there will be us to be out of brand I many fields. continued upward pressure on price. Please note that we are expecting pricing to remain higher until new crop Processed quality is a bit up and down. I am seeing a bit of mildew begins sometime in 2021. damage as well as tip burn in some lots. Asian Pears Spring mix and Arcadian type of blends are looking good, but Asian pear supply is available. Chilean & Argentine sizing is starting to get a bit on the large side with occasional Bartlett Pears in LA. mildew damage. Artichokes Cilantro and parsley are still showing occasional yellow leaf and Quality is excellent. They are showing a little purple trace decay. color near the base but are free of any frost damage. Spinach is lot to lot causing some lots to be packer brand due to We expect fair volume to continue through the month of yellowing and decay. . Prices are steady.

Broccoli is looking good with very trace brown bead. Arugula Quality is good this week, but we see some I am adding pictures of iceberg and romaine for today and discoloration due to the weather. tomorrow. Asparagus Good supply continues with very good quality.

2 market trends WEek ending March 12, 2021

Produce (continued)

Yuma, AZ Forecast

Immokalee, FL Forecast

Avocados Bananas Volume will tighten up, pushing FOB prices slightly higher ACT OF GOD Hurricane Eta and Iota has left behind major as we see lighter numbers crossing from Mexico. We will effects on several growing regions in South America. Our continue to observe the spring crop, which may have some growers have assessed damages, that have not only loss due to freezing temps in the region last month. Volume impacted crops but infrastructure as well. The aftermath of continues to increase out of California. Quality is outstanding. this situation will continue to hinder the entire banana industry and cause a Force Majeure to remain in place. Based on the forecasts we received from our growers we anticipate active markets and tight supply through Q1 2021. We anticipate being able to maintain the supply chain at escalated prices until we are clear of this unfortunate event.

Beans EAST: Green beans are plentiful in Florida this week as great growing weather has brought crops along. A few will finish up current plantings this week, so there could be a little less around as we go into the weekend. FOBs are down. WEST: Mexico’s bean crops have also picked up production this week. Recent quality has improved over past weeks with no major issues from most lots. Pricing is down from last week.

Berries: Blackberries WATCHLIST: Supply is improving after the cool weather events few weeks although we haven’t seen supply increases as we expected. We are anticipating a steady supply at below average levels but look for volume to increase towards the 2nd half of the month.

Blueberries Mexican production will continue stable. Volume from Baja will see a slight increase. The Florida season is starting with low volumes. Good overall quality. 3 market trends WEek ending March 12, 2021

Produce (continued)

Raspberries Carrots WATCHLIST: Light volume will continue through next week Good availability on all packs with very good quality. but we are anticipating a slight increase in volume towards the middle of the month. Quality is good. Cauliflower ESCALATED Much lighter this week due to cooler growing Strawberries conditions. Quality is good. Cauliflower Florets prices are With the much-improved weather in Calif and Florida, supply escalated. has increased on Straws and the market has eased up. Quality is very good out of both areas. Look for the market to Celery remain steady although we will see market strengthen as we Shippers have good supplies. Quality is good and the market head into Easter in a few weeks. is steady this week.

Bok Choy Cilantro Supplies are expected to be plentiful for the next three weeks. Volume is going to be plentiful this week.

Broccoli Corn Supplies are very good; the crowns are a bit branchy still. Corn prices have eased back and seem like there is a decent supply available; this is expected to turn by end of Brussels Sprouts the month as Homestead finishes up for the season. We will Supplies and quality look to be excellent in the coming week - be transitioning to new growing regions that were affected both VA and bulk categories. by cold weather earlier in the year and yields are yet to be determined however we do expect supply to tighten back up. Cantaloupe In Nogales, better numbers are crossing on bi, yellow, and Market strong, we are getting some very light volumes white corn. especially on 9’s and larger demand exceeds. There are some 12’s and 15’s but also on the lighter side keeping the market Cucumbers strong. This was due to rains during the planting season in EAST: With more Florida product coming in season and the South America keeping volumes lighter. The overall quality has Honduran crops in their last push, cucumber availability has been good to fair, seeing some soft spots here and there, but improved in the East. FOBs have fallen significantly for both sugars are good and eating good to fair. imports and local fruit. WEST: Mexico’s cucumber production has strengthened this week as more new crops come online. Overall quality is very good and should remain so, barring any weather issues. FOBs are down this week on all sizes/packs.

Eggplant EAST: Florida’s new eggplant crops continue to lag as early fruit sets were extremely light. There’s still some fruit being harvested from older plantings, but quality is just fair and will not work for some customers. It will likely be a few weeks until we see much change in supply. FOBs have jumped back up to reflect the lack of supply. WEST: Mexico’s supply seems to be steady and is meeting demand, despite the Lent season. FOBs are about the same as last week.

English Cucumbers Markets remain flat; however, volume has tightened with cooler weather. Quality is great.

4 market trends WEek ending March 12, 2021

Produce (continued)

Fennel Kale Fennel supply will be at budget this week, and 18/24ct will Bunched Kale supplies are expected to be plentiful for the next remain limited. The colder weather we’ve been having down few weeks. south has not allowed fields to size up. We will continue to see a majority of 30/36ct this week. Quality remains strong Lemons overall. We are harvesting Dist. 1 (Central Valley) and have finished Dist. 3. We are seeing the market stay strong on all sizes with Garlic some flex on the smaller fruit, but all other sizes are moving EXTREME: The market for domestic garlic remains high with very well. The overall quality is good, and we are only gassing good quality. on some blocks that need a pop in color but only 24 hours of gas or so. We expect the market to keep strong, as we Ginger are starting to see some areas open up more schools and EXTREME: Ginger is very volatile due to very inconsistent restaurants. supply and the market is higher. Supply remains tight for the foreseeable future. Lettuce: Butter Grapes Steady volume and quality. We are going with Peruvian and Chilean fruit now and, market is keeping strong due to the slow unloading process Green Leaf at the ports on the East and the West Coasts and very good Good volume and quality. demand. Also, there was a huge rain event in Chile that did cause damage, but still in the process of how widespread the damage was and will be going forward. The rains went from San Felipe to the South of Chile into Santiago, rain totals were 1-2 inches throughout the growing region. This is and will have the biggest effect on green grapes through the season and we are starting to see some issue on some of the blocks of reds that are arriving now. We will keep an eye on the fruit and do our best. We will start Mexico and Coachella valley about the first of May, so we have about 2-months until a new region starts.

Green Cabbage Supplies are budgeted with good quality.

Red Cabbage We have lighter supplies over the next week; quality remains consistent with sizing and color.

Green Onions Supplies are good this week and we will see better demand with the mid-west thawing out this week. The market should remain steady.

Honeydew Market has eased a bit and starting to see good volumes of fruit on both Coasts. We will continue to see good volumes going forward , and quality will continue to get better as we progress through the Off Shore season.

Jicama Steady supply available crossing through McAllen.

5 market trends WEek ending March 12, 2021

Produce (continued)

Red Leaf Oranges Good volume and excellent quality. Market is steady and moving good smaller sizes are still a bit tight but in better supply over the last few days. The USDA box Iceberg Lettuce program is also helping to strengthen the market as oranges Good volume and quality. are a feasible option for the box. Also, the entire citrus category is strengthening as demand increases at the retail level. The Romaine/Romaine Hearts fruit is eating excellent and fruit overall quality is excellent, as Good volume and quality. we are at full color and there is no gassing needed to bring on color. This year’s crop is lighter than last years by about 10% Limes so we are hoping movement continues to stay strong. The EXTREME: The lime market remains firm as the availability of weather looks dry for the next 10 days so we will be harvesting small fruit has become limited, pushing our growers to secure daily, but a chance of Rain in 12 days. additional fruit at market. Quality and rain-related issues have impacted the older crops, which is where the current fruit is Parsley (Bunched) being harvested. Political issues are also impacting the supply There is great quality with good supplies over the next few routes through Mexico; we may see this impact for the next weeks. several weeks.

Napa Supplies are expected to be plentiful for the next three weeks.

Onions FOB pricing on all colors and sizes is beginning to increase in the Northwest. Size profiles on all colors lean toward heavier to larger sizes, which will continue as the USDA Farmers to Families program continues for the next two months. Mediums and Prepacks in the Northwest have significantly tightened up. White onion supply continues to tighten up in the Northwest, while Mexican white and yellow onions crossing through South Texas are plentiful. The country is beginning to surpass the weather challenges that have hampered demand for the last several weeks. We are seeing orders picking up, and trucks getting back on the road. The focus in the onion world remains on the effects of the freezing temperatures that both McAllen and Uvalde experienced last week. Texas growers are concerned as onions can withstand low temperatures for a short period of time, but any prolonged freeze will negatively impact both the bulb and plant. The effects will likely not be known for several weeks, but there will be some level of damage. One concern is that onions that look okay upon drying out, may face challenges with bacteria and disease which will cause them to breakdown. If that does happen, we will see a big spike in pricing around late March. The Northwest crop is beginning to wind down, and we should start seeing shippers finish up in the coming weeks. With several states fully reopening, and many others increasing indoor dining capacity, demand has already begun to improve. Warmer temperatures remain on the horizon, which should only help increase demand further.

6 market trends WEek ending March 12, 2021

Produce (continued)

Green Pepper Red & Yellow Bell Peppers EAST: The depressed pricing of the last several weeks has EAST/WEST: Mexico’s colored bell pepper supply is light this caused some to stop harvesting from any older plantings, week, as several growers near the end of current crops. Reds which has reduced supply from Florida producers. Quality have the best availability, with orange and yellow fruit on the ranges from average to good, depending on the lot and snug side. Quality can vary. Spring crops have started in a growing area. FOBs have stepped up this week. light way and we should begin to see more from Mexico by WEST: The strong flush of Spring crops in Mexico has brought the middle of the month. Meanwhile, Canadian producers will an oversupply of product to market for the last few weeks. start the season a little earlier than usual, with a few harvests With low market prices over an extended period, growers of oranges this week. Yellow will follow in the front part of next have begun to walk away from crops and/or are keeping the week, with reds coming online by Friday or Saturday. FOBs are fruit inside Mexico. With supply lightening up, FOBs are up holding steady on all three colors but oranges and yellows are significantly. at a premium.

Jalapeños (Chiles) Pineapple EAST: Florida’s chili pepper supply is limited on both volume Volumes are picking back up, quality is excellent. and variety. Serranos, Hungarian wax, and long hots are more limited than other chili options. Expect more of the Potatoes (Idaho) same until Spring crops start in South FL later this month. The market remains stagnant on all sizes and grades of FOBs are up slightly. potatoes. Burbanks, Norkotahs, and White Russets are WEST: With numerous areas and growers into the thick of shipping full steam ahead. Quality currently remains strong Winter crops, Mexico has good volumes on all chili pepper on all varieties. Larger-size cartons have been more plentiful varieties this week and FOBs are mostly steady. than in recent weeks, as the heightened demand on small potatoes for the Box Program is causing large counts to pile up. There are predictions that the program will continue to help keep small-sized potatoes cleaned up over the next three months, which should help the overall market. Demand improved this past week, and we anticipate this trend will continue. With the announcement that several states are reopening full steam ahead, and many others raising the capacity for indoor dining, we are seeing things begin to pick up all over. With more warmer temperatures on the horizon as well, we expect demand will continue to increase as we move toward Spring and Summer. Additionally, other russet growing regions will finish shipping in the coming months, so there will be less overall supply in the market. This will help increase FOB pricing as well.

Snow Peas Steady volume, good quality.

Sugar Snap Peas Steady volume, good quality.

Spinach (Bunched) Supply and quality are good. We may see some discoloration due to the weather.

Spinach (Baby) Supply and quality are good. We may see some discoloration due to the weather.

7 market trends WEek ending March 12, 2021

Produce (continued)

Spring Mix WEST/MEXICO Supply and quality are good. We may see some discoloration due to the weather. Rounds West Mexico, Culiacan, and Guasave are still bringing plenty Squash: Yellow and Zucchini of product to the table. Sizing is still heavy to larger fruit and EAST: Homestead, Immokalee and the East Coast of Florida overall quality is good. FOBs are holding steady at minimum are, together, producing decent volumes of squash but market levels. quality on yellows has definitely reduced the availability for retail-appropriate fruit. FOBs are higher for better quality but Romas are in line with last week’s pricing. Roma tomato supply continues to be steady in Mexico, WEST: Southern Mexico still has adequate squash supplies although a few more quality issues are beginning to show on available, but volume will drop off over the next few weeks as the fruit. Overall, there’s an adequate supply and FOBs remain we near the transition to northern growing areas. Quality is at minimum levels. average to good on zucchini and just average on yellows, with scarring and scuffing as the most frequent defects. FOBs are Grape and Cherry Tomatoes down on yellows but have risen on zucchini. Grape tomato production continues at a steady pace in Mexican growing areas with adequate fruit to meet demand. Sweet Potatoes There are only a handful of cherry tomatoes around, but quality All new crop sweet potatoes are shipping now. All cured and is poor. FOBs are holding steady. quality is good. Watermelons TOMATOES Improving supply this week crossing through Nogales and Texas while offshore arrivals were steady. Quality is good. EAST

Rounds Florida’s round tomato numbers are pretty consistent with last weeks. Since growers are harvesting mostly crowns with a few 2nds, quality has been very good. Growers continue production in Naples but will transition over to Estero toward the end of the month. FOBs are up slightly on larger fruit but are steady on other sizes.

Romas Although Roma acreage for this time of year is on the lighter side, overall production in Florida is steady. Quality has stepped down a notch for some but is still considered good. FOBs are the same as last week but seem firmer.

Grape and Cherry Tomatoes With demand being light recently, several Florida growers walked away from older picks which means there’s less product around this week. Growers will continue to harvest in Naples for 2-3 more weeks but has already begun the first picks from the Estero crops. Cherry tomato production is steady and adequate with some only harvesting to order. Quality is a notch down this week on both grapes and cherries, which has also been a factor in the reduced output. FOBs are up on grapes but are steady on cherries.

8 market trends WEek ending March 12, 2021

Beef, Veal & Lamb Beef production last week was active following weather-related slowdowns, with last week’s slaughter estimated at 666k head. While weekly beef output was up 7.8% from a year ago, the USDA boxed beef cutouts were higher throughout the week. Yet there was still plenty of red ink noted across some weekly average pricing so do not be surprised to see weak- ness occur in early March. But anticipate imported 90s, domestic 90s and other lean trim prices to rise, with imported and domestic 90s with the narrowest spread since . Expect upside potential on imported beef products into the sprng.

Description Market Trend Supplies Price vs. Last Year Live Cattle (Steer) Steady Good Lower Feeder Cattle Index (CME) Increasing Good Higher Ground Beef 81/19 Increasing Good Higher Ground Chuck Increasing Good Higher 109 Export Rib (ch) Increasing Good Higher 109 Export Rib (pr) Increasing Good Higher 112a Ribeye (ch) Increasing Good Higher 112a Ribeye (pr) Increasing Good Higher 114a Chuck, Shlder Cld(ch) Increasing Good Higher 116 Chuck (sel) Decreasing Good Higher 116 Chuck (ch) Decreasing Good Higher 116b Chuck Tender (ch) Increasing Good Higher 120 Brisket (ch) Decreasing Good Higher 120a Brisket (ch) Increasing Good Higher 121c Outside Skirt (ch/sel) Increasing Good Lower 121d Inside Skirt (ch/sel) Increasing Good Higher 121e Cap & Wedge Increasing Good Higher 167a Knckle, Trimmed (ch) Increasing Good Higher 168 Inside Round (ch) Decreasing Good Lower 169 Top Round (ch) Decreasing Good Higher 171b Outside Round (ch) Increasing Good Higher 174 Short Loin (ch 0x1) Increasing Good Higher 174 Short Loin (pr 2x3) Increasing Good Higher 180 0x1 Strip (ch) Increasing Good Higher 180 0x1 Strip (pr) Increasing Good Higher 184 Top Butt, boneless (ch) Increasing Good Higher 184 Top Butt, boneless (pr) Decreasing Good Higher 184-3 Top Butt, bnls (ch) Decreasing Good Higher 185a Sirloin Flap (ch) Increasing Good Higher 185c Loin, Tri-Tip (ch) Decreasing Good Higher 189a Tender (sel, 5 lb & up) Increasing Good Higher 189a Tender (ch, 5 lb &up) Increasing Good Higher 189a Tender (pr, heavy) Increasing Good Higher 193 Flank Steak (ch) Increasing Good Lower 50% Trimmings Increasing Good Lower 65% Trimmings Increasing Good Higher 75% Trimmings Increasing Good Higher 85% Trimmings Increasing Good Higher 90% Trimmings Increasing Good Higher 90% Imported Beef (frz) Decreasing Good Higher 95% Imported Beef (frz) Decreasing Good Higher Veal Rack (Hotel 7 rib) Steady Good Higher Veal Top Round (cap off) Steady Good Lower

9 market trends WEek ending March 12, 2021

Grains The soybean complex remains firm with soybean oil trading at its most expensive level since the winter of 2013. The South American harvest remains well behind which is significantly limiting the world supply of soybeans and soybean products. However, the futures markets suggest a top in the soybean market may be relatively near.

Description Market Trend Supplies Price vs. Last Year Soybeans, bushel Increasing Good Higher Crude Soybean Oil, lb Increasing Good Higher Soybean Meal, ton Increasing Good Higher Corn, bushel Increasing Good Higher Crude Corn Oil, lb Increasing Good Higher High Fructose Corn Syrup Increasing Good Higher Distillers Grain, Dry Decreasing Good Higher Crude Palm Oil, lb BMD Increasing Good Higher HRW Wheat, bushel Decreasing Good Higher DNS Wheat 14%, bushel Increasing Good Higher Durum Wheat, bushel Increasing Good Higher Pinto Beans, lb Decreasing Good Lower Black Beans, lb Steady Good Higher Rice, Long Grain, lb Increasing Good Higher

Dairy CME cheese block and barrel prices have been choppy lately but last week were down at least 3.2% (y/y). CME spot butter prices finished modestly lower last week and are cheaper by 18.3% (y/y). Per the USDA, U.S. milk production was up 1.6% (y/y). The number of milk cows in January were up 1.0% (y/y) and were the biggest since at least 1998. The milk-per-cow yield in the month was up 0.6% (y/y). Pending strong milk output may be a headwind for higher seasonal moves for cheese and butter. But the downside risk for the cheese and butter markets may be only modest due to persistent export demand.

Description Market Trend Supplies Price vs. Last Year Cheese Barrels (CME) Decreasing Good Lower Cheese Blocks (CME) Increasing Good Lower American Cheese Decreasing Good Lower Cheddar Cheese (40 lb) Decreasing Good Lower Mozzarella Cheese Decreasing Good Lower Monterey Jack Cheese Decreasing Good Lower Parmesan Cheese Decreasing Good Lower Butter (CME) Decreasing Good Lower Nonfat Dry Milk Decreasing Good Lower Whey, Dry Increasing Good Higher Class 1 Base Steady Good Lower Class II Cream, heavy Increasing Good Lower Class III Milk (CME) Decreasing Good Lower Class IV Milk (CME) Increasing Good Lower

10 market trends WEek ending March 12, 2021

Pork Pork production increased last week, up 4.6% from year ago levels. Despite output being higher, the wholesale pork markets escalated, with only the belly primal notching modest losses. Still, price weakness may remerge into mid-March. Despite the slight losses last week, belly prices in the upper $1.50s are still 130% costlier than year ago levels. The pork trim markets were higher throughout last week, too, with both 42s as well as the 72s tacking on 4% to 6% respectively (w/w). Both these trim markets are nearly in line with their 2014 levels.

Description Market Trend Supplies Price vs. Last Year Live Hogs Increasing Good Higher Sow Increasing Good Higher Belly (bacon) Decreasing Good Higher Sparerib(4.25 lb & down) Increasing Good Higher Ham (20-23 lb) Increasing Good Higher Ham (23-27 lb) Increasing Good Higher Loin (bone in) Increasing Good Higher Babyback Rib (1.75 lb & up) Decreasing Good Higher Tenderloin (1.25 lb) Decreasing Good Higher Boston Butt, untrmd (4-8 lb) Increasing Good Higher Picnic, untrmd Increasing Good Higher SS Picnic, smoker trm box Decreasing Good Lower 42% Trimmings Increasing Good Higher 72% Trimmings Increasing Good Higher

11 market trends WEek ending March 12, 2021

Poultry Actual slaughter data for the week of the winter storms (the week ending February 20th) was worse than expected, with slaughter down 43.6% from the year prior. Last week integrators were in catch-up mode, with the initial estimate, at 180.5 million head, 6.2% larger than a year ago being the largest harvest for any week since at least 2015. Price firmness remains across the bulk of the bird, with all the ArrowStream (parts) indexes heading higher last week (w/w). The leg quarter market is moving in a pattern like the wings so far this year, tacking on more than 24% in just the past six weeks. While the upside momentum for the tender markets has slowed, demand interest remains solid and there may be further price gains felt before seasonal losses reemerge.

Description Market Trend Supplies Price vs. Last Year Whole Birds WOG-Nat Decreasing Good Higher Wings (jumbo cut) Decreasing Good Higher Wing Index (ARA) Increasing Good Higher Breast, Bnless Skinless NE Decreasing Good Higher Breast, Bnless Skinless SE Increasing Good Higher Breast Boneless Index (ARA) Increasing Good Higher Tenderloin Index (ARA) Increasing Good Higher Legs (whole) Decreasing Good Lower Leg Quarter Index (ARA) Increasing Good Higher Thighs, Bone In Decreasing Good Lower Thighs, Boneless Increasing Good Lower

Description Market Trend Supplies Price vs. Last Year Whole (8-16 lb) Decreasing Good Higher Turkey Breast, Bnls/Sknls Increasing Good Lower

Eggs

Description Market Trend Supplies Price vs. Last Year Large Eggs (dozen) Decreasing Good Higher Medium Eggs (dozen) Decreasing Good Higher Liquid Whole Eggs Increasing Good Higher Liquid Egg Whites Steady Good Higher Liquid Egg Yolks Increasing Good Higher Egg Breaker Stock Central Increasing Good Higher

12 market trends WEek ending March 12, 2021

Seafood The Alaskan Bering Sea snow crab fishing season remains slow with just 36% of the quota landed as of last Friday. Snow crab fishing is anticipated to progress in the coming weeks and the quota this year is at a multi-year high. This could put some downward pressure on the snow crab leg markets this spring. However, fairly tight world snow crab supplies are anticipated to continue.

Description Market Trend Supplies Price vs. Last Year Shrimp (16/20 frz) Steady Good Lower Shrimp (61/70 frz) Steady Good Higher Shrimp Tiger (26/30 frz) Steady Good Lower Snow Crab, frz Steady Good Higher Tilapia Filet, frz Steady Good Lower Cod Filet, frz Steady Good Lower Tuna Yellowfin, frsh Steady Good Lower Salmon Atlantic Filet, frsh Steady Good Lower Pollock Filet, Alaska, frz Steady Good Lower

13 market trends WEek ending March 12, 2021

Paper and Plastic Products

Description Market Trend Supplies Price vs. Last Year WOOD PULP (PAPER) NBSK- Paper napkin Steady Good Steady 42 lb. Linerboard-corrugated box Steady Good Steady PLASTIC RESINS (PLASTIC, FOAM) PS-CHH-utensils, cups, to-go cont. Increasing Good Higher PP-HIGP-heavy grade utensils Steady Good Higher PE-LLD-can liners, film, bags Increasing Good Higher

Retail Price Change from Prior Month

Description Jan-21 Dec-20 Nov-20 Beef and Veal Increasing Decreasing Decreasing Dairy Decreasing Increasing Increasing Pork Increasing Decreasing Decreasing Chicken Decreasing Decreasing Increasing Fresh Fish and Seafood Increasing Increasing Increasing Fresh Fruits and Vegetables Increasing Decreasing Decreasing

Various Markets Last week nearby Arabica coffee futures were up (w/w) and the highest since September 2017. Some Brazil Arabica coffee production 2021/’22 forecasts have been lowered due to dry weather. Arabica coffee futures can still appreciate from here, but there is price resistance at $1.470 (nearby).

Description Market Trend Supplies Price vs. Last Year Whole Peeled, Stand (6/10) Steady Good Higher Tomato Paste-Industrial (lb) Steady Good Higher Coffee lb ICE Increasing Good Higher Sugar lb ICE Steady Good Higher Cocoa mt ICE Increasing Good Lower Orange Juice lb ICE Decreasing Good Higher Honey (clover) lb Increasing Good Lower

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