November 25, 2025 Market Report

Alerts & What’s Trending

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Produce

Avocados posted a second consecutive decline, falling back to $25 amid a smooth transition into Mexico’s main crop. Lettuce and tomatoes performed as projected, holding steady with predictable week-over-week movement that supports more reliable forecasting for operators.

Outlook: Avocado markets may push toward $20 if supply remains stable, while lettuce and tomatoes are expected to move mostly sideways through year-end before seasonal resets in early January.

Grain

Grain markets retreated as optimism around U.S.–China soybean commitments faded, with current sales filling only a fraction of the early expectations set by policymakers. Soybeans led the declines as markets recalibrated around slow shipment activity and uncertainty around future demand.

Outlook: Unless Chinese buying accelerates rapidly, grain prices—particularly soybeans—may continue easing as the market unwinds earlier truce-driven momentum.

Dairy

Dairy pricing was mixed, with steady cheese production and weaker foodservice demand keeping block and barrel markets contained, while butter continued easing despite strong international interest. Overall, the category remains well balanced with manageable week-to-week volatility.

Outlook: Expect stable-to-soft pricing across cheese and butter as robust production and tepid export activity keep markets well supplied through the holidays.

Beef

Beef markets softened slightly as cutout values edged lower and premium holiday cuts like ribs and tenderloins reached their seasonal highs. Ground beef and lean trim saw modest strength, giving operators a more balanced cost environment heading into December.

Outlook: As post-holiday demand slows and seasonal buying patterns shift, the beef cutout is positioned to move lower next week, with chucks, rounds, and mid-tier loin items showing the strongest relative value.

Pork

The pork complex weakened across most primals as bellies and trim pulled the cutout sharply lower, though loins, ribs, and tenderloins posted small gains that may provide targeted purchasing opportunities. Export volume remains healthy, but domestic demand remains muted enough to keep pricing under pressure.

Outlook: Without a demand catalyst, the pork cutout is likely to continue trending lower in the near term, creating additional value windows for operators monitoring category-level pricing.

Seafood

Snapper prices stabilized after months of declines tied to trade volatility and normal seasonality, resting at their lowest average since 2021. As winter approaches, snapper typically firms up, which suggests increased pricing pressure through Q1 before easing again later in spring.

Outlook: Look for upward movement through January with sustained strength in Q1, followed by a return to softer pricing as the seasonal cycle resets heading into May.

Poultry

Broiler harvest increased again this week, keeping most chicken categories stable while breasts inched lower and wings continued their significant year-over-year decline. Turkey pricing remains elevated with boneless breasts still surging, and egg markets are tightening quickly as HPAI cases accelerate, creating new risk points for operators managing high-usage categories.

Outlook: With production strong and demand patterns shifting seasonally, chicken markets should remain steady into year-end, while eggs are expected to remain elevated until disease pressure begins to ease.