Chicken:Yesterday- Wings steady.  Today and Beyond- The daily chicken wing index is up about $.07 a pound from its lows a few weeks ago.  Chicken wing demand is anticipated to increase later this month which could be bullish for wing prices.

Dairy: Yesterday- Milk sharply lower.  Today and Beyond- Milk futures concerned that the upside risk in cheese is nominal.  Still, downside risk in milk from here may only be modest for the next few weeks due to school demand picking up.

Beef: Yesterday- Beef fairly steady.  Today and Beyond- As mentioned earlier in the week, a production slowdown is anticipated this week which could support beef prices.  Thus near term downside risk in the beef markets may only be modest. 

Pork: Yesterday- Pork higher.  Today and Beyond- It appears that it will be at least next week, if not longer, before hog supplies improve.  Until then, expect pork prices to remain inflated.

Oil, Grains, Misc.: Yesterday- Markets mixed.  Today and Beyond- Wheat markets were sharply lower yesterday.  Is this the beginning of a top?  That is the big question.  We still believe wheat prices are overpriced at these levels.  Buyers may want to hold back on purchases.

Energy/Misc: Yesterday- Dollar index lowest in 3 months.  Today and Beyond- US dollar index traded below its 200 day moving average yesterday.  Bullish for commodities.

Produce: Yesterday- Onion lower.  Today and Beyond- Additional onion market declines are likely. 

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