Market Trends: Wholesale Prices Drop an Average of 3% After Holidays
Get to know how food prices have changed and where they are going with your Market Trends Report. Each week we’ll show you how both wholesale and commodity prices have changed. We’ll also include an analysis of how we expect wholesale prices to change over the coming weeks to help you make the best purchasing decisions, all for free.
Market Overview
Decreases in the overall Wholesale and Commodity food markets continue this week, but with a mixed bag of up and down by category. Here’s what went up and what went down this week.
We continue to see Wholesale price increases in Pork Loin (+9.7%) and Pork Shoulder (+6.3%) which outpace or are even moving in the opposite direction of the Commodity prices. These are smaller percentage increases than previous weeks and we expect that Wholesale price trends should come back in line with Commodity. There were small increases in Wholesale prices for Chicken Breast (+0.1%) and Fresh Potatoes (+2.0%). Both are trending steadily with their Commodity prices.
Fresh Lettuce (-24.1%) and Fresh Onion (-14.5%) Wholesale prices continue to plummet. We expect both of those to stabilize in the coming weeks as the Commodity prices have recently. While Shell Eggs decreased again WoW (-1.1%), look for prices to increase in coming weeks as we see Commodity prices trend up.
Category Trends
Ground Beef
A small drop of 2.98% in wholesale prices, following a 2.15% decrease in commodity prices the previous week.
Shell Eggs
Prices remained mostly flat. A 2.51% increase in commodity pricing will likely lead to a small increase in wholesale prices over the coming weeks.
Pork Loin
We are continuing to see increases in wholesale prices (+9.71%) as well as some in commodity prices (+2.79%). Look for some stabilizing in wholesale prices over the coming weeks.
Pork Shoulder
Wholesale prices continue to increase this week (+6.27%), while commodity pricing dropped by 13.29%. Expect to see wholesale prices begin to lower next week.
Fresh Lettuce
Wholesale prices continued to drop this week (-24.1%) while commodity prices decreased by 5.5%.
Fresh Potatoes
Wholesale prices remained relatively steady while commodity prices dropped 9.73%. Expect wholesale prices to remain mostly flat or decrease slightly over the coming weeks.
Chicken Breast
Prices were mostly unchanged in both wholesale and commodity markets.
Fresh Bell Pepper
There were slight drops in wholesale & commodity prices, 3.39% & 3.82% respectively. Prices are likely to remain stable moving forward.
Fresh Onion
Commodity prices have stabilized, while wholesale prices continue to dip (-14.52%). Look for wholesale prices to level out in the coming weeks.
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