CommodityOne Weekly Report – Week of January 27, 2026

Poultry

Despite a 12% year-over-year increase in USDA young chicken harvest, poultry prices moved higher last week, signaling resilient demand across key cuts. White meat led gains, with boneless/skinless breasts up $0.07 and tenderloins and wings also firming. Dark meat followed suit, particularly boneless/skinless thighs, while drumsticks were the lone soft spot. Turkey markets remained flat week-over-week but continue to show sharp year-over-year inflation. Eggs continued their steep correction, with prices now down nearly 90% year-over-year.

Outlook: Even with elevated production levels, wholesale poultry prices are expected to remain stable to slightly higher through the remainder of the month. Demand appears well-aligned with supply, supporting firmness in white meat and wings. Eggs are likely to stay under pressure in the near term as the market continues to rebalance.

Beef

Live cattle futures edged lower last week, but boxed beef told a different story, with both choice and select cutouts posting gains. Strength was concentrated in the loin complex, particularly striploins, while ribeyes softened and end cuts showed mixed performance. Ground beef pricing ticked higher, though trim values were modestly lower, reflecting uneven demand across formulations.

Outlook: With cattle harvest running below last year’s levels and packer capacity continuing to tighten, boxed beef prices should find underlying support, even as seasonal demand softens heading into February. Near-term volatility is likely, but supply-side constraints point to continued firmness in the cutout.

Pork

Pork markets strengthened across the board, with higher hog futures, rising carcass cutout values, and broad-based gains in key primals. Bellies and butts were notable drivers, supported by strong international interest and reduced harvest volumes. Retail demand remains muted, but freezer inventory rebuilding is helping absorb supply.

Outlook: The pork cutout is expected to trend steady to slightly firmer over the next several weeks. While retail demand remains a watch point, tighter harvest levels and inventory restocking should continue to support both lean hogs and wholesale values in the near term.

Seafood

Frozen snow crab prices posted a notable month-over-month increase, breaking a prolonged downward trend and mirroring a similar seasonal move seen last year. While this marks a temporary shift, broader seafood markets remain relatively subdued.

Outlook: If historical patterns hold, snow crab pricing could resume a downward trend into early 2026. Near-term movements will depend on inventory levels and post-holiday demand, but sustained upward momentum appears limited for now.

Produce

Tomatoes and lettuce reasserted themselves as key market movers. Roma tomato pricing rebounded sharply, driven by cold weather impacts across the Eastern U.S., while iceberg lettuce held firmer than expected amid harvest and yield challenges in Western growing regions. Avocado prices continued their upward climb, reaching an 11-week high.

Outlook: Cold weather risks across key growing regions suggest continued upside pressure for tomatoes and lettuce in the near term. Iceberg may carry more short-term pricing risk than tomatoes if harvest disruptions persist. Avocado markets are expected to remain firm until at least Q2.

Dairy

Dairy markets were mostly higher, led by gains in cheese blocks and butter. Production remains strong as manufacturers push output to support whey demand, while domestic retail demand continues to outpace foodservice. Butter prices rose despite ample cream availability and near-capacity churn operations.

Outlook: Cheese and butter markets are expected to remain well supported by steady production and solid retail demand. While export demand is mixed, domestic fundamentals point to continued price stability with limited downside risk in the near term.

Grain

Grain markets rebounded last week, with soybeans and soybean oil leading the advance amid anticipation of upcoming EPA biofuel blending decisions. While export sales data showed strength, concerns remain around unshipped sales volumes, limiting near-term upside.

Outlook: Soybeans may test higher technical levels, but upside appears capped in the short term near resistance unless export shipment concerns ease. Volatility is likely to persist as the market awaits regulatory clarity on biofuel policy.