Market Trends: Huge Price Swings in Both Directions
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
The average Wholesale Price Index (+1.29%) was slightly up this week, but the modest increase hides the huge movements in specific categories.
Pork Shoulder (+10.41%) continued to spike and has increased 31% over the last three weeks! If you can, it might be time to rotate out any menu items with Pork Shoulder. We also saw a large increase in Fresh Potatoes (+7.37%) and Beef Strip Loin (+4.01%). There was a smaller increase in Pork Loin (+3.20%), Chicken Wing (+2.70%), Chicken Breast (+1.94%), Shell Eggs (+0.84%), and Cod (+0.59%).
On the other end of the spectrum was a huge decrease in Fresh Lettuce prices (-13.50%). Fresh Onions (-4.26%) and Ground Beef (-3.86%) also saw decreases as well, while Fresh Bell Pepper (-0.65%) was mostly flat.
Commodity (-1.01%) was down overall but there were also huge spikes in both directions as well with 6 categories up and 6 down. We expect the overall Wholesale market to go down next week but with a continuation of large price changes in both directions.
Wholesale Price Changes
| Category | 12 Months | 3 Months | 1 Month |
|---|---|---|---|
| Ground Beef | +8.1% | +5.6% | +5.9% |
| Shell Eggs | +75.5% | +13.4% | +18.6% |
| Pork Loin | +70.2% | +16.1% | -7.6% |
| Pork Shoulder | +3.4% | +20.8% | +29.0% |
| Fresh Lettuce | -13.2% | +4.1% | +2.6% |
| Fresh Potatoes | +54.6% | +27.6% | +15.7% |
| Chicken Breast | +23.4% | +6.6% | -4.2% |
| Fresh Bell Pepper | +38.5% | -2.2% | +5.0% |
| Fresh Onion | +57.4% | +3.8% | +4.0% |
| Beef Strip Loin | -21.1% | -16.2% | +7.0% |
| Chicken Wing | +18.2% | +1.8% | -2.1% |
| Cod | +35.2% | -12.5% | -15.2% |
| Wholesale | +39.2% | +7.8% | +11.8% |
Category Trends
Ground Beef
As expected, we saw a decrease in wholesale (-3.86%) with commodity (-10.38%) down as well. Wholesale is likely to be dragged down further next week.
Shell Eggs
Wholesale remains fairly flat after previous increases (+0.84%) with a big bump in commodity (9.22%). Look for wholesale to increase significantly next week.
Pork Loin
Wholesale increased (+3.2%) and Commodity (+2.13%) rose as well. Look for Wholesale to be slightly up to flat next week.
Pork Shoulder
A huge jump in Wholesale (+10.41%) with a smaller increase in Commodity (+3.35%). Look for Wholesale prices to be flat to down next week.
Fresh Lettuce
As expected, Wholesale (-13.50%) decreased significantly and Commodity (-2.16%) continues to fall. Look for prices to be flat to slightly up next week.
Fresh Potatoes
We continue to see increases in both Wholesale (+7.37%) and Commodity (+6.14%). Expect prices to be slightly up to flat next week unless commodity prices fall.
Chicken Breast
Wholesale (+1.94%) increased slightly while Commodity (-2.30%) was slightly down. Expect a moderate decrease in Wholesale prices next week.
Fresh Bell Pepper
Wholesale (-0.65%) remained flat while Commodity (+3.91%) saw an increase. Expect Wholesale prices to be up next week.
Fresh Onion
Big drops in Wholesale (-4.26%) and Commodity (-11.26%). Look for Wholesale prices to be flat to slightly down next week.
Beef Strip Loin
Wholesale saw a moderate increase (+4.01%) while Commodity was slightly down (-1.42%). Expect Wholesale prices to flatten out next week.
Chicken Wing
Wholesale stabilized (+2.7%) after weeks of decreases while commodity (-2.78%) continues its downward trend. Look for Wholesale to be flat to slightly down next week.
Cod
Wholesale (+0.59%) continued to be mostly flat, while Commodity (+1.60%) saw a slight increase. Expect Wholesale prices to remain mostly flat next week.
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