Market Trends with Tracy

Gravy Train or Pain?

Saval Foodservice Episode 259

As we head into Thanksgiving, the markets are serving up a mixed plate — some items are easing, others are heating up, and a few might burn your budget. Whether it’s a gravy train or a little holiday pain depends on the protein. Let’s dig in and see what’s really simmering this week.

BEEF: Middle meats are heating up fast for the holidays, with ribeyes, strips, and tenderloins pushing higher and showing no signs of slowing. Chucks and rounds are softening a bit, but ground beef is still gaining strength — the question is how high these premiums will run through December.

POULTRY: Chicken remains steady despite massive production levels, with wings, breasts, and tenders barely moving. But after 23 new avian flu cases this week, will this calm hold through the winter migration?

GRAINS: Soy tried to rally and stalled, corn slipped, and wheat held steady — nothing seems able to spark this market. With winter wheat nearly fully planted, the real question is what it will take to break this grain gridlock.

PORK: Bellies finally broke lower, dropping $22 to $118, and this softer market may carry well into December. With strong production and plenty of supply, will pork remain the best value on the protein board?

DAIRY: Dairy keeps sliding, with block, barrel, and butter all moving lower again — and butter now at its cheapest point since 2021. The big question: will low holiday pricing spark demand, or is there still more room to fall?


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