CommodityOne Weekly Report – Week of February 10, 2026

Poultry

Poultry markets strengthened as USDA young chicken harvest declined to 167.3 million head, down 3.3% week over week due to storm disruptions. White meat drove the gains, with boneless/skinless breasts up to $1.38/lb (up 18% m/m) and wings rising to $1.18/lb (up 19% m/m). While wings remain 39% lower year over year, recent momentum signals tightening short-term supply. Egg pricing also surged 46% w/w, highlighting volatility in related protein categories.

Outlook: With harvest volumes constrained and weather impacts still flowing through the system, poultry pricing is expected to remain steady to slightly higher. Operators should closely monitor forward purchasing, contracted volumes, and usage forecasts—particularly for white meat and wings—to stay ahead of potential margin pressure.

Beef

Beef markets were mixed, with the February live cattle contract holding at $235.50/cwt while the Choice cutout eased to $367.25/cwt. Despite typical seasonal softness, premium loin and rib cuts remained firm, including boneless heavy ribeyes at $10.57/lb. Harvest volumes remain sharply reduced, creating a structural supply constraint. Additionally, 2.2 million pounds of Choice shortloins were sold forward, reinforcing strength in the loin segment.

Outlook: Reduced harvest levels are expected to keep boxed beef pricing firm, especially in loin and premium categories. Operators should leverage forecasting tools and contract optimization strategies to manage exposure in high-value cuts while identifying mix-shift opportunities across menus.

Pork

Pork markets trended higher, with the carcass cutout up 2% to $95.27/cwt as harvest volumes declined. Strength was concentrated in butts (up 4% to $114.88/cwt) and bellies (up 4% to $131.88/cwt), while ribs softened. Export demand remained consistent, with 157 loads of boneless pork butts sold internationally, helping balance supply.

Outlook: With tighter harvest levels and freezer inventory rebuilding, pork pricing is positioned to trend steady to slightly firmer. From a supply chain standpoint, this remains one of the more stable protein categories, offering strategic flexibility in menu and procurement planning.

Seafood: Frozen snow crab pricing surged 15.9% month over month, reaching a three-year high of $10.69/lb, following a 7.1% increase the prior month. This extends a longer-term uptrend that began in early 2024 and reflects tightening seasonal supply.

Outlook: Snow crab prices are expected to remain elevated into early 2026, consistent with offseason seasonal peaks. Operators should evaluate forward commitments and promotional timing to manage exposure in premium seafood items.

Produce

Produce volatility intensified. Iceberg lettuce prices surged into the $40–$50 per carton range due to harvest, yield, and shelf-life challenges. Tomatoes remain elevated amid lingering cold-weather disruptions, though warming temperatures mid-February could ease pressure. Avocados declined unexpectedly, with 48-count Hass prices down 9.2% w/w, signaling more balanced supply conditions.

Outlook: Lettuce will likely remain elevated and volatile in the short term, requiring close demand forecasting across locations. Tomatoes should moderate as weather improves, while avocados may remain comparatively stable in early 2026. Operators should evaluate produce purchasing cadence and regional sourcing strategies to mitigate risk.

Dairy

Dairy markets were mixed. CME cheese blocks rose $0.09 to $1.47/lb, while butter surged $0.22 to $1.71/lb, despite remaining $0.79 below the five-year average. Severe winter weather disrupted production and logistics early in the week, slowing milk movement and creating short-term inefficiencies across plants.

Outlook: Cheese pricing is expected to remain supported by steady production and retail demand. Butter may see continued short-term variability, particularly if weather disruptions re-emerge. Visibility into production trends and contract alignment will be key to navigating category volatility.

Grain

Grain markets moved higher, led by soybeans following trade-related optimism. Potential Chinese purchases of up to 8 million metric tons, in addition to 12 million metric tons previously agreed upon, lifted sentiment. Soybeans could stabilize within a $10.80–$11.00 per bushel range if export demand materializes.

Outlook: Grain pricing is likely to remain firm, with upside potential tied to confirmed export flows. Since grains directly influence feed costs, operators should anticipate downstream impacts across poultry and pork categories in the months ahead.