This week’s Legacy Market News Update has vital information regarding eggs, produce, dairy, flour, and other crop updates. Here are some key points to keep in mind, or if you want to read the full report, click here.
EGGS — Wholesale prices for cartoned shell eggs are weakening and have begun to decline as supplies are increasing beyond immediate needs. Consumer demand for cartoned shell eggs declined over the past week despite some of the most active retail promotional activity at the lowest average ad price of the year which failed to deliver the full hoped consumer response.
FLOUR — 72% of the winter wheat crop is now planted in the US, right in line with the 5-year average. Market continues to be weather driven; look for US and Black Sea region weather patterns to drive market.
ASPARAGUS — Market is extremely active. Mexico coming up with light supply. Several containers are being delayed due to weather and rough seas. Market is high and will continue through next week.
ONIONS — Quality is excellent, and sizing overall is good, adding the trend is to jumbos. Market has been steady, with demand adequate to good on all three colors.
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