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This article was provided by PAPC partner Entegra. We have partnered with this company to provide you with customized procurement and distribution services for food and related supplies. With more than $3 billion in food and related supply purchases in the U.S. alone, PAPC/Entegra can provide competitive pricing, extensive product selection, leading brands and responsive service to the customers we service throughout the country.

Market Trends — Part Two

The Indicator Forecast Report is a quarterly publication that takes a look at market trends and the “whys” behind market activity for the most recent quarter. The report provides an overall perspective of commodity markets.

Pork

Hog prices were 18% higher in October 2011 compared to same period last year but are expected to decline into the fourth quarter of 2011.
Uncertainty exists around 2012 pork pricing and will depend on whether production will continue to expand and if consumer demand will increase.

Poultry

Overall chicken prices have remained lower than last year, but chicken wing prices have started to increase responding to seasonal demand.
Turkey meat prices are expected to remain firm for the rest of 2011 driven by feed prices.
Poultry prices are at risk in 2012 of going higher driven by manufacturers limiting supply in order to drive margins.

Produce

U.S. produce exports are expected to increase resulting from Mexico formally lifting tariffs on U.S. agricultural products.

Seafood

Tuna prices are higher than last year driven by high fuel costs, reduced catches, adverse weather conditions and worldwide trade issues.
Entegra tilapia prices through Slade Gorton increased 18% from August 2011 driven by supply shortages.
Entegra’s breaded and frozen shrimp prices are slightly higher than 2011 and are expected to remain firm for the remainder of the year.

Metals

U.S. aluminum pricing is down 13.8% since the second quarter of 2011.
Other Asian countries are now presenting value for aluminum equipment and smallwares.
Entegra’s domestic manufacturers of stainless smallwares expect slight price increases in 2012 between 2 to 3%.

Linen

Cotton prices continue to decline driven by market oversupply as demand falls.

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