January 20, 2026 Market Report

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Produce

Avocados were the standout mover, with 48-count Hass prices rising week over week for the first time since October. Lettuce and tomato prices continued trending lower and are nearing seasonal floor levels, with stable volumes across most growing regions.

Outlook: Avocado prices are expected to trend higher through Q1 as demand builds. Tomato pricing should remain relatively calm, while lettuce will need close monitoring for a potential seasonal surge toward the end of Q1.

Grain

Corn prices came under pressure following bearish USDA reports showing higher yields, increased harvested acreage, and significantly larger inventories. Supportive demand signals, including record ethanol production and strong export sales, were not enough to offset the heavy supply picture.

Outlook: Near-term upside for corn remains limited given the burdensome supply outlook. Any meaningful recovery will likely depend on sustained demand strength over time and expectations for reduced acreage later in the year.

Dairy

Dairy pricing was mixed across categories. Butter moved slightly higher on stronger retail and international demand, while cheese prices softened amid ample milk supplies and steady production. Cheese inventories remain manageable, with foodservice demand steady to slightly lighter.

Outlook: Cheese prices are likely to remain under pressure in the near term due to strong milk output. Butter pricing should stay supported, pointing to overall stability rather than major volatility across dairy markets.

Beef

Cattle futures and beef cutout values pushed higher last week, with gains across most primals. Ribeyes, tenderloins, and top sirloins led the advance, while ground beef and trim prices also moved higher. End cuts were mixed but generally firmer, reflecting ongoing tightness in available supply.

Outlook: Cattle prices may be approaching a near-term peak as upcoming plant closures ease some pressure. That said, reduced beef production could keep cutout values supported. As February approaches, beef markets are expected to trade in a range as seasonal demand softens.

Pork

Pork cutout values edged higher, supported by strength in hams, ribs, and bellies. Loins moved higher, while pork butts softened despite strong international export interest. Trim prices also firmed, adding support to the overall complex.

Outlook: Pork markets continue to show resilience even as harvest volumes rise. Ongoing demand for hams and ribs should help support pricing, while pork butts may remain uneven as domestic softness offsets export strength.

Seafood

Fresh yellowfin tuna prices remain historically low following an unexpected increase in import volumes. Despite earlier expectations for a seasonal rebound, additional supply has continued to weigh on pricing across the seafood complex.

Outlook: Yellowfin prices may see brief strength early in the year but are expected to ease again through late spring. Significant upside appears unlikely, with pricing expected to remain well below recent historical highs.

Poultry

Chicken production remains elevated, with harvest levels running higher year over year. Pricing across most chicken parts moved slightly higher week over week but continues to sit well below last year’s levels. White meat and wings remain relatively affordable on a year-over-year basis, while thigh meat has shown recent firmness. Turkey pricing stays elevated, particularly for boneless breasts. Egg prices continue to fall sharply as flock recovery progresses following prior HPAI impacts.

Outlook: Poultry markets are expected to remain relatively steady in the near term. Improving supply conditions and consistent demand should help limit volatility, while egg prices are likely to stay under pressure as recovery continues.