June 24, 2025 Market Report

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Produce

Avocados ended their 11-week price decline with a slight increase. Roma tomatoes fell 1.5% week-over-week, though at a slower pace than in May.

Outlook: Avocado pricing may experience short-term volatility heading into late summer. Tomato pricing could stabilize temporarily before a broader upswing resumes in September. Seasonal planning and sourcing diversification are advised.

Grain

Wheat markets gained modestly last week, led by delays in the U.S. winter wheat harvest and concerns tied to geopolitical tension. Chicago wheat broke above its 100-day average, while Kansas City wheat lagged.

Outlook: Harvest progress is expected to improve in early July, which may ease upward pricing pressure. Short-term volatility could persist, but a pullback is likely as supply normalizes.

Dairy

Butter and cheese prices softened slightly last week. CME blocks and barrels both settled at $1.69/lb, and butter closed at $2.53/lb. Milk production remains mostly sufficient, despite regional tightening in cream supplies.

Outlook: Dairy markets are expected to remain relatively stable in the near term. Operators should watch cream availability in key regions and prepare for potential shifts in Q3 pricing dynamics.

Beef

Live cattle futures dipped 1.5% to $224.30/cwt, but beef cutouts surged—Choice up 4% to $393.79/cwt and Select up 3% to $374.59/cwt. Striploins and tenderloins saw gains, with top sirloins reaching new all-time highs. Ground beef 81% climbed $0.20 to $3.84/lb, while 50% trim hit a record $2.00/lb.

Outlook: Despite lighter cattle harvests, beef prices continue to strengthen across most primals. Procurement teams should anticipate elevated pricing through July 4th and monitor volatility in grind and trim segments closely.

Pork

Pork markets continued to rise, with the cutout up 4% week-over-week and nearly 19% month-over-month. Rib and butt prices led the increases, with baby back ribs up $0.17 to $3.17/lb and boneless butts up $0.10 to $1.84/lb. Bellies and trim also climbed.

Outlook: Prices are expected to remain elevated through the holiday period. Operators should expect continued strength in ribs, butts, and bellies, and consider forward buys where feasible to protect margins.

Seafood

Salmon prices declined 6.9% month-over-month, returning to more seasonal norms after months of elevated pricing.

Outlook: Salmon prices are expected to gradually trend lower through November. Operators should evaluate purchase timing to capitalize on declining costs and improve menu profitability.

Poultry

Chicken harvest volume reached 168.8 million head, up 1.4% YoY. Boneless skinless breasts dipped $0.04 to $2.65/lb, while tenderloins rose $0.06 to $2.59/lb. Wings increased slightly to $1.21/lb but remain 52% lower than last year. B/S thigh meat and B/I thighs held flat, with B/S thigh meat still up 31% YoY. Turkey breasts rose 6% week-over-week. Egg prices ticked up 1% but remain 20% lower month-over-month.

Outlook: While the chicken market is expected to follow seasonal softening, demand for white meat remains steady due to affordability and consistent pull from both foodservice and retail. Procurement teams should watch for continued firmness in tenderloin and thigh pricing into mid-summer.