Market Trends with Tracy
In foodservice, making smart menu decisions can be the difference between open, and closed. Follow along each week as we try to make sense of the many links in our food service supply chain, and how that affects the food you serve. Saval Foodservice's own veteran purchaser, Tracy Anderson, takes you through the major market updates.
Saval Foodservice is a broadline foodservice distributor located in Elkridge, Maryland, and has been a family-owned & operated business since 1932. We serve the area's independent restaurants, caterers, delis, hotels, and other eateries. Our products range from fresh produce, seafood, custom-cut meat, groceries, beverages, our own line of Saval Deli delicatessen products, and cleaning supplies.
We created this podcast in 2020 to keep our customers informed of the suddenly volatile market. Market Trends with Tracy is written & recorded by Tracy Anderson. Produced & Edited by Deanna Segreti and Shelby Reister. For questions or inquiries about the show, email sfssocialmedia@savalfoods.com
Follow us on Instagram @savalfoods or on TikTok @savalfoodservice
Market Trends with Tracy
Belly Flop 🥓🏊♀️☀️
Summer’s wrapping up, but the markets are still making waves. Pork bellies take a dive, beef keeps the heat on, and chicken cools just in time for football season. From butter drops to grain gluts, it’s a late-summer belly flop across the board.
BEEF: Prices keep climbing as production stays tight – 547K head harvested this week and even fewer expected with the holiday ahead. Chucks, grinds, ribeyes, and tenderloins are leading the charge, while strips are still the relative value. The market may cool off soon, but not yet – buy now, waiting will cost you money.
POULTRY: Chicken prices finally cooled off for Labor Day – wings, breasts, and tenders are all down. Production is still running strong, about 1% ahead of last year, so we’ll take the win and enjoy cheaper chicken for now. One small avian flu case popped up, but nothing major.
GRAINS: Another rally fizzled – corn harvest is pegged at a massive 16.7 billion bushels, keeping prices in check. Corn nudged up slightly to $3.94, while soy and wheat stayed flat. With crops this strong, the market’s still waiting for a spark to push things higher.
PORK: Bellies slipped again, closing at $181 with more downside likely ahead. Butts and loins are steady, ribs are edging up, and overall production is running about 2% lower year-to-date. With nothing pushing demand higher, this market looks set to stay quiet for the next few weeks.
DAIRY: CME gave back August’s gains – barrel down 2, block down 3, and butter dropping a sharp 14. After weeks of climbing, this market is sliding fast… will the downturn stick?
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