Poultry
Breast prices fell to $2.69/lb, while tenderloins inched up to $2.53/lb. Wings rose slightly but are still down 52% y/y. Thigh meat remains elevated. Egg prices held steady but are down 20% m/m.
Outlook: Seasonal softening is expected, but ongoing demand will keep white meat pricing firm. Operators should update recipes and plate costs to reflect current shifts and avoid margin erosion.
Beef
Cutout values continue to climb—choice is up 3% with gains across ribs, rounds, and ground beef. Striploins peaked early and may now trend downward.
Outlook: Expect beef prices to rise into July 4th, then potentially stabilize. Operators should revisit menu pricing or portion sizing for high-cost cuts to maintain profitability.
Pork
Belly (+9%), ham (+8%), and butt (+6%) prices surged last week, driven by strong foodservice demand. Trims also trended higher, putting pressure on processed pork costs.
Outlook: Prices will likely remain elevated through early July. Keep inventory levels in check and update cost projections for pork-heavy menu items accordingly.
Seafood
Yellowfin tuna dropped 27% m/m, creating a rare value opportunity. This is likely a short-lived dip before prices rebound.
Outlook: Take advantage of current pricing while it lasts—update seafood margins now and prep for potential price correction.
Produce
Avocados stabilized but are still trending lower. Romas continued softening but may rebound soon. Iceberg stayed flat, though viral crop threats could trigger short-term price spikes.
Outlook: Now’s a good time to monitor produce invoices and inventory more closely. Stay flexible with fresh produce specs to keep costs in line.
Dairy
Cheese blocks and barrels softened slightly. Butter was flat at $2.55/lb. Demand remains solid and production steady.
Outlook: Prices are holding stable for now. Recalculate food costs on dairy-rich dishes and consider substitutions or portion adjustments where appropriate.
Grain
Soybean oil prices surged late in the week following EPA biofuel policy updates, signaling long-term bullish momentum.
Outlook: Budget accordingly—oil and frying costs may rise over the next quarter. Consider refining prep procedures or portion controls to minimize waste.