A new week means a new Market News report! For all things related to the baking industry, continue reading:
EGGS: Wholesale prices for cartoned shell eggs moved lower through the week as demand remained light to moderate. Offerings continue to be in a range of light to moderate while supplies are mostly moderate and sufficient for current needs. Trading was slow to moderate. Wholesale prices for graded loose eggs declined on increased interest, light to moderate offerings, and mostly moderate supplies.
WHEAT: The crop progress report showed that corn is now 49% planted vs. 78% last year, soybeans at 30% vs. 58% last year, oats at 67% vs. 91% last year, and spring wheat at only 39% planted vs. 83% last year. Minnesota was estimated at only 1% planted for spring wheat vs. 79% last year. New crop HRW harvest is slated to start at the end of next week with California right behind it; however, most of the harvest is still to be expected in the next five to six weeks. The wheat quality council winter wheat tour is going on this week. Day one bushel average was 39.5/acre vs. 59.2 last year and day two was 37 bushels per acre vs. 57.9 last year.
BUTTER: No new updates available.
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