May 27, 2026 Market Report

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Produce

Produce markets continued stabilizing last week, with tomatoes, onions, and lettuce all easing from the elevated pricing seen earlier this spring. Roma tomato pricing has now moved meaningfully lower, while onion and lettuce markets are gradually normalizing. Attention is beginning shifting toward avocados as Mexico’s crop transition and weaker Loca crop expectations point toward tighter summer supply conditions.

Outlook: Tomato, onion, and lettuce pricing is expected to continue easing while avocado markets firm through the summer crop transition.

 

 

Grains

Grain markets traded relatively quietly last week despite ongoing geopolitical headlines surrounding global trade and energy markets. Corn markets briefly rallied following announcements tied to a new U.S.-China agricultural agreement before retreating as market participants questioned the specifics of the deal. Even without additional Chinese demand, U.S. corn exports remain on pace for another record year.

Outlook: Grain markets are expected to remain sensitive to global trade developments and energy market movement.

 

 

Dairy

Dairy markets weakened further last week as cheese, butter, and nonfat dry milk all declined meaningfully. U.S. milk production remains exceptionally strong, supported by the largest dairy herd since 1993 and continued yield growth. At the same time, weakening nonfat dry milk exports are beginning signaling softer international demand conditions.

Outlook: Expanding milk production and softer export demand are expected to continue weighing on dairy markets near term.

 

 

Beef

Beef production remained pressured last week as cattle slaughter continued running significantly below prior-year levels due to poor packer margins. While feedlot inventories and placements improved year-over-year, mixed beef cutout performance highlights ongoing market volatility across categories. Longer-term herd recovery discussions are also re-entering the market conversation as improved weather conditions could support pasture recovery in major cattle states.

Outlook: Beef markets are expected to remain volatile as supply constraints and herd rebuilding dynamics continue shaping pricing trends.

 

 

Pork

Pork production softened slightly week-over-week but still remained above year-ago levels overall. Strength in butts and ribs continues contrasting sharply with collapsing belly markets, with bellies now hovering near $1.00 per pound after another steep weekly decline. USDA projections still call for 2026 pork production to reach record-high levels despite some expected quarter-over-quarter production declines later this year.

Outlook: Strong pork supplies are expected to continue limiting broad upward pricing pressure across the market.

 

 

Seafood

Fresh yellowfin tuna pricing surged 19.5% month-over-month in March, representing one of the largest seafood category moves this year. While some recovery was expected following historically weak 2025 pricing, the strength of the rebound exceeded normal seasonal patterns. Current market trends suggest some softening may already be occurring following the March spike.

Outlook: Yellowfin tuna pricing is expected to remain elevated through much of the summer season.

 

 

Poultry

Poultry markets continue reflecting strong production trends, with chicken output running above last year and breeder flock expansion signaling additional supply growth ahead. Chicken breast prices are now down 45% year-over-year, while turkey breast markets have fallen nearly 20% over the last month as supplies improve. USDA placement and breeder data continue reinforcing expectations for elevated poultry availability through at least mid-summer.

Outlook: Poultry supplies are expected to remain elevated, keeping pricing pressure on most chicken categories in the near term.