Market Outlook

Prices will trade steady over the coming weeks, defying the typical post-June decline as steady retail buying interest driven by increased at-home dining provides support.

Prices will hold firm into July, supported by steady retail demand for strip cuts driven by continued interest in at-home dining. However, at current price levels, buyers are showing signs of resistance and are unlikely to push bids significantly higher.

Prices are projected to reflect a more neutral tone heading into July, aligning with typical seasonal trends. Retail buyers have begun to push back against elevated prices, prompting packers to adjust their offers closer to more customary levels.

Prices are expected to remain steady throughout July, defying the typical seasonal decline seen during this time. Continued strong demand from both retail and foodservice sectors will allow packers to uphold firm pricing on available product.

Prices will remain strong over the next several weeks, despite the typical seasonal trend toward softer values. Consumer demand for beef remains resilient, with buyers actively seeking value-driven cuts to meet their needs.

Prices are expected to remain strong over the coming weeks, defying typical post-Independence Day seasonal softening as foodservice demand for both core menu items and limited-time offers continues amid constrained supplies.

Prices are anticipated to remain elevated heading into July, though further significant increases appear unlikely. Robust demand from both retail and foodservice channels for flap meat continues to exceed expectations, enabling packers to raise offers as they manage tight supplies through strategic demand rationing.

Prices will begin to take on a more even tone over the next several weeks. While domestic demand for product will remain strong, export buyers will be less aggressive in their purchases of U.S. skirt meat, keeping prices in balance.

Prices are projected to remain firm heading into July as tight supplies of rounds compel processors to continue raising prices.

Prices are expected to remain strong in the coming weeks, diverging from typical seasonal trends. While foodservice demand should remain steady, retail buyers are increasingly turning to ground chuck as a value-oriented yet high-quality option, well-suited for households facing tighter budgets.

Prices are expected to maintain a firm tone in the coming weeks, supported by continued strong demand for ground beef, a key staple in the retail meat case. Lean trimming prices remain elevated, reinforcing upward pressure and helping to keep overall price levels well-supported in the near term.

The WOG complex continues to reflect mixed market conditions, with pricing trends largely influenced by bird size. Smaller (under 3 lbs.) and larger (4 lbs. and above) WOGs are maintaining steady market ratings as the week concludes. However, mid-sized categories (3–4 lbs.) are experiencing pricing pressure, with sellers seeking support below current market levels. Adequate supply levels and subdued demand from both traditional retail and cutting operations are prompting sellers to consider lower bids when necessary.

Today’s review of jumbo and medium-sized boneless breasts reveals a broad range of market activity, trading strategies, and sentiment. Combo-bin production remains the most readily available, with both sales and asking prices notably below current quoted levels. In contrast, spot availability for boxed product varies by plant, ranging from short to adequate. While most negotiations and sales are occurring below quoted values, the degree of discounting has eased compared to previous weeks. Overall, boneless breasts are rated as barely steady, with an unsettled tone heading into the weekend. Movement on select-sized offerings remains limited, and this line is considered about steady. Feedback on this category is welcomed. Tenders are moving through traditional purchasing channels at full market value or better. Supplies are reported as barely adequate to short across most sales points, and seller sentiment remains firm to bullish.

Jumbo and medium-sized wings remain well supported. The limited volumes reaching the market are being absorbed at premiums. Small-sized wings are balanced and trading steadily under consistent market conditions.

The bone-in back half of the bird, legs and thighs, continues to hold a steady market rating overall. Spot demand remains moderate. Sellers of leg quarters are maintaining firm asking levels, particularly those serving the retail channel. Some market participants are assessing buyer willingness to accept modest premiums. Drumstick availability has improved compared to recent periods, leading to increased price sensitivity among buyers. As a result, this line is rated as about steady. Export demand is reported as moderate to active. Transactions for thigh meat and leg meat are being completed at varying levels of discount, with supplies fully adequate to meet current demand.

Limited frozen whole bird offerings continue to command premium prices, with buyers willing to accept these conditions to secure production. At the same time, interest is growing in fresh whole turkeys, as negotiations for fall production are underway. Inventories of consumer- and institutional-sized breasts remain tight, and spot transactions are slow to develop.

Fresh and frozen breast meat continues to be actively sought after, with transactions frequently occurring at market-related premiums. However, some participants note that white meat is slightly more available compared to recent weeks.

Prices are anticipated to remain firm through mid-July, defying typical seasonal weakness. Multiple factors will underpin this strength: robust retail promotional activity, increased limited-time offers from national restaurant chains, and continued tightening of cold storage inventories, which remain at historically low levels.

Prices will remain supported into July, defying typical seasonal moderation as grilling demand keeps retail buyers active amid declining supplies, providing significant price support.

Prices are projected to strengthen over the coming weeks as robust retail demand offsets weaker export activity compared to last year.

Prices will remain firm in the coming weeks, supported steady retail demand for pork butts, particularly for pulled pork applications such as BBQ and tacos. With supplies remaining limited, this sustained demand will help keep prices elevated.

Prices are expected to remain strong through mid-July, following typical seasonal patterns, as robust domestic retail demand for boneless products and solid export demand for bone-in cuts provide continued support.

The market for blue swimming crabmeat remains largely unchanged, though the undertone is highly unsettled due to the announcement of universal tariffs and the subsequent delay of reciprocal tariffs for many Southeast Asian countries. Many stakeholders are adopting a wait-and-see approach, as universal tariffs took effect in April, while reciprocal tariffs have been delayed until July 9th. Overall, supplies in the U.S. are adequate, and demand remains mostly moderate. Many market participants continue to monitor individual inventory positions closely. Overall, the market trend is steady, with some uncertainty driven by tariff-related factors.

The shrimp market showed selective price increases, while the broader market remains steady to firm. Sellers are navigating the balance between higher replacement costs and a domestic market still adjusting to these increases. The additional financial strain from tariff bond requirements adds further complexity to the cost structure. Overall, the market trend is steady to firm, with rising costs and tariff challenges continuing to put pressure on prices.

Values increased across all categories due to limited availability and steady demand. The value added segment also showed strength, driven by tight replacement conditions. Overall, the market trend is firm, supported by constrained supply and consistent demand.

Values increased, driven by a firm market bias and reports of limited landings. The availability of large shrimp remains extremely constrained.

The warm-water lobster tail market remains steady to firm, supported by tight inventories and strong foodservice demand. Wholesale prices are holding steady or trending upward. Warm-water tails continue to maintain a competitive advantage over cold-water tails, which face seasonal limitations and tariff uncertainties. Most product is sourced from the Caribbean and South America, with increasing availability of MSC- and FIP-certified options. Buyers are encouraged to secure product now to hedge against further price increases, especially given the low supply and steady demand. The overall outlook indicates continued pricing strength, with added value found in bulk orders and sustainable sourcing channels.

The North American lobster tail market is experiencing mixed pricing trends across segments, influenced by seasonality, supply levels, and shifting global demand. Supply remains stable; however, longer-term trends may be affected by environmental changes. Pricing is seasonal, with spring Canadian fishery openings creating temporary price softness. The market is highly sensitive to live market fluctuations and export conditions. Foodservice remains the dominant buyer, particularly for tails and meat, while retail and e-commerce channels are rapidly expanding, offering frozen tails and meat to home chefs. Overall, pricing is stable but could increase due to tariff pressures.

Strong demand for lobster meat from prepared food manufacturers and value-added processors is maintaining firm pricing and tight inventories. Prices remain steady to increasing, supported by limited supply and robust demand, which continue to uphold elevated price levels.

The Canadian snow crab market is experiencing tight supply, firm pricing, and strong export-driven demand, particularly from the U.S. Early-season landings have been slow, resulting in low inventories among both Canadian and U.S. wholesalers. While overall Canadian quotas remain high, only 20–60% of the catch has been landed to date, and inventory carryover is minimal. Pricing is expected to remain firm through the summer, with strategic opportunities emerging in alternative export markets and value-added product positioning.

The wholesale market for Ahi (Yellowfin Tuna) is currently stable, supported by steady supply and firm demand, particularly for premium and value-added products. Global availability is adequate but not abundant, while evolving sustainability requirements are influencing buyer and supplier practices. Demand is especially strong in foodservice, retail, and e-commerce channels, with increasing interest in sashimi-grade, ready-to-eat, and certified sustainable products. Although bulk frozen formats remain attractive to high-volume buyers, the fastest-growing segments focus on traceable, high-quality tuna tailored to health-conscious and convenience-driven consumers. Additionally, tightening international fishing regulations may impact long-term supply dynamics.

Pangasius, primarily farmed in Vietnam, remains a key staple in global seafood markets due to its affordability and versatility. The market is characterized by strong demand—particularly for larger fish—and elevated prices driven by limited supply. While the U.S. market continues to be a significant destination, ongoing tariff issues present challenges. Vietnam’s efforts to diversify export markets and enhance production practices may help mitigate these obstacles and support continued sector growth.

Keta salmon remains stable, supported by strong production from key exporters such as Russia, the United States, and Chile. Pricing is moderate compared to higher-end salmon species. Keta salmon continues to attract cost-conscious buyers across retail, foodservice, and private label sectors who seek reliable supply at competitive prices.

The Chilean salmon industry is currently navigating a transitional period marked by stable pricing in key markets, declining export volumes, and mounting regulatory and environmental challenges. Producers are responding by exploring new markets and advocating for policy reforms to adapt to these evolving conditions.

The Norwegian salmon market is currently characterized by high volumes and lower prices, putting pressure on producer profitability. While strong global demand—especially from the U.S. and China—is absorbing the increased supply, the industry continues to face persistent price volatility and must adapt to evolving tariff environments. Future success will depend on managing biological risks, optimizing production efficiency, and navigating a dynamic global marketplace.

The global tilapia fillet market is experiencing steady demand growth, driven by its affordability and versatility as a lean protein source. Production volumes are generally increasing, particularly in key regions of Asia and South America. However, price pressures persist in major producing countries due to oversupply and challenges in domestic demand. Trade dynamics remain complex, with tariffs—especially those imposed by the U.S. on Chinese tilapia—significantly reshaping export flows.

Supplies remain tight, particularly for smaller fish sizes (3/5, 5/7 fillets and 7/9 whole), with ongoing shortages. This is attributed to the seasonal lifecycle of catfish combined with increased domestic demand, largely driven by tariffs. Pond bank prices are rising, and price increases are expected to continue throughout the summer.

Harvests have remained strongest on 10/20 scallops, with quality continuing to be high. U-10 and U-12 sizes have remained tight, accounting for less than 20% of the offload this week. Meanwhile, 20/30s made up slightly more, representing 21% of the catch. At this time of year, many vessels reduce fishing activity to conserve allowable days at sea for cooler weather and higher demand.

Milk production is just now starting to see its seasonal declines across the country, while still noting elevated levels from last year. May output was 1.6% better than year ago levels. Increasing dairy herds and limited impacts from HPAI have kept plenty of milk coming to market for processor needs. Current herds are the largest since July 2021. Nearby demand has stabilized after a strong start to the year, helping keep spot offers well below class and below year ago levels. On the cream side, record milk fat tests have kept large amounts of cream coming to the market, while increased Class II demand for ice cream is stabilizing prices.

The butter market is well supported from record domestic demand and extremely competitive export prices limiting the seasonal build in cold storage levels.  Solid production schedules and cheap cream availability have kept spot values well below the past few years, but record domestic demand YTD is limiting just how cheap prices need to be.  April production data showed US output up 3.9% from 2024, while updated cold storage inventories for May came in 4.8% below last year. The 7.3% build from April was right on par with seasonal norms. US exports so far this season have been more than double last year’s levels and increased global values have reduced US butter imports.

Following the large declines the past month, cheese prices are attempting to stabilize. The ongoing ramp up in new cheese plant capacity is pushing more fresh cheese onto the market and weighing on prices. Better than expected production data for this past month are limiting just how expensive prices need to be, while strong export demand has kept a bid under the market on large scale declines. The slower than expected increase in cheddar production is starting to catch up, with April cheddar output jumping 8.1% YOY. Updated cold storage data showed that total cheese and American cheese stocks were 1.5% and 1.1% lower YOY, respectively, in April. This did mark the smallest YOY decline that cheese has seen in a year. Domestic demand has taken on a softer tone of late, adding to the recent weakness in prices. However, the lower prices should now start to encourage further global export demand, limiting downside opportunities.

The shell egg market is mixed, with cage free prices moving higher while conventional prices are steady near the recent lows. Demand trends at retail have been supportive to cage free orders, while longer term the seasonally warmer weather suggest a slowdown once restocking interest starts to taper off. Also, the historically small premium of cage free vs. conventional prices likely sponsored increased demand the past few weeks. However, this premium is again widening out to more normal levels. Smaller flocks are still limiting the amount of egg coming to market, but it appears we are pushing the market into better supply/demand balance. Cage free layers in May grew by 3.4 million from April as HPAI outbreaks have remained calm in key cage free states and producers pushed more animals into production. This marks the largest cage free flock on record.

Soybean oil futures remain elevated, but have pulled back this week on the ceasefire between Israel and Iran, and the resulting declines in energy prices. The EPA’s larger than expected Renewable Volume Obligations (RVO) for 2026 and 2027 continues to underpin the market as it came in 67% higher than current 2025 mandates. The market is adjusting to the new demand prospects and is attempting to consolidate.

Canola seed futures came under pressure this week from better rains across Canada and the weakness in the soybean complex following the ceasefire between Israel and Iran. Dryness is still a concerns, but has been alleviated somewhat. RBD canola oil values remain very firm on offers through Q4 as vegoils are well supported given the recent EPA proposal on renewable fuels.

Spot palm oil futures are following the move in soybean oil, pushing lower this week on a calmer tone in the macro and vegetable oil markets. The Malaysian Palm Oil Board put their end of May total palm oil stocks at 1.990 million metric tons, up 6.7% from the 1.866 million reported in April and well above the 1.753 million reported in May of last year. Indian refiners cancelled some orders following the sudden surge in benchmark Malaysian prices last week.

California

• Markon First Crop (MFC) Premium Broccoli is being harvested in the Salinas and Santa Maria Valleys; Markon Best Available (MBA) may be substituted as necessary due to inconsistent quality
• Prices are on the rise; supplies are limited
• Pest pressure from Diamondback moths is impacting yields
• Cooler nighttime temperatures have slowed growth, promoted mildew, and led to occasional purple cast on crowns
• West Coast acreage will decline through July as growers adjust their plantings in response to regional and local harvests beginning across the country
• Expect markets to remain elevated through at least mid-July
• Additional volatility is expected, and demand may surge if other regions encounter supply gaps

Mexico

• Mexican-grown MFC Premium Broccoli continues to ship into South Texas
• Prices have remained comparable to West Coast markets
• Quality ranges from fair to good; heavy presence of hollow core is being caused by high heat following rains
• Central Mexico is experiencing scattered thunderstorms that bring the risk of hail damage; heavier rain may also restrict field access for harvesters, decreasing availability

East Coast/Midwest/Canada

• Various regions will experience short growing seasons through the summer
• • The Georgia and Florida seasons are over
  • The delayed onset of limited production in North Carolina and Virginia has led to a supply gap, forcing most demand to rely on the Western U.S
  • Early season rains followed by high heat have led to stunted growth in most lots
• The Maine and Michigan seasons are due to start in the next two weeks and run through October
• New Jersey, Pennsylvania, and New York will also begin harvesting in late July/early August and last through September
• Limited production is underway in Eastern Canada (Ontario)

Markets remain elevated as supplies finish up in Mexico and domestic supplies are slow to start. MFC and Ready-Set-Serve (RSS) Brussels Sprouts are available.

• Several suppliers are wrapping up their fields in Baja, Mexico this week
  • Humid weather and tropical storms are worsening as we enter the hottest months of the year
  • Quality is poor; characteristics such as elongated heads, heavy seeder, and insect/worm damage are present
• MFC and RSS Brussels Sprouts are now shipping out of Salinas, California
  • Salinas supplies are slowly increasing; Oxnard supplies are helping in a limited manner
  • Quality is average; both regions are presenting some inconsistent sizing and seeder
• Supplies are expected to improve over the next two weeks as more fields start in the Salinas Valley

Limited industry supplies and strong demand are keeping markets elevated. Markon Essentials (ESS) Cauliflower is available.

• Production in Salinas and Santa Maria, California is light; demand is stronger than anticipated for this time of year

• Cool and overcast weather in Salinas and Santa Maria have led to slow growth
  • Overall quality is good with minimal defects and insect pressure present
  • Moderately warm temperatures next week should help push fields forward
• Adverse weather in the East and Mexico have limited regional supplies, pushing demand out West
• Volume will ramp up in Maine, New York, and New Jersey in mid-July
• Expect relief within the next 7-10 days as demand softens and supplies continue to ramp up across multiple regions

Prices for small lemons (165- and 200-count) remain elevated due to short supplies and strong demand. Prices for small-size oranges (113- through 138-count) are higher as the Navel season ends.

Oranges

• MFC and ESS Valencia Oranges are available
• California Navel crop has ended, Valencia season is in full swing

• Availability is beginning to shift toward large sizes (56- through 88-count)
• Small sizes (113- through 138-count) remain adequate, but are starting to tighten due to warm weather
• Quality is great; color is deep orange and flavor is sweet
• Expect prices for small-sized oranges to slowly increase

Lemons

• MFC and ESS Lemons are available  
• District Two (Southern California) is currently in production; District One (San Joaquin Valley) has wrapped up their season
• 165- and 200-count sizes are limited; sizing is currently dominated by 95- through 140-count lemons
• Quality is good; some regreening has been reported
• Expect elevated markets compared to last summer with demand ramping up and reduced import supplies coming into the U.S

Green leaf, iceberg, and romaine prices remain elevated due to continued strong demand in Salinas and Santa Maria, California.

• MFC Premium Green Leaf, Iceberg, and Romaine are available; MBA is being substituted when needed due to light weights
• Supplies in Guanajuato, Mexico, have been slow to recover after a hailstorm and ongoing rains, prompting processors and fresh market buyers to shift demand from Mexico to California
• East Coast supplies are average for this time of year; iceberg weights are lighter than normal with large frames and puffy texture
• California fields have returned to normal growth patterns and are no longer maturing ahead of schedule, as they had over the past three months
• Overall quality is good; fluctuating densities and insect pressure are present in some lots
• Elevated markets are expected to continue for at least the next two weeks

The Pacific Northwest has started their season early; Eastern Washington, Hermiston, Oregon, and British Columbia all have reported excellent quality and size.

Blueberries

• The Mexican season has ended
• Volume is decreasing in California’s San Joaquin Valley; the season will run through July, depending on weather conditions
• Supplies are now shipping from Eastern Washington and Hermiston, Oregon
• Quality and sizing are good
• British Columbia is ahead of schedule and will start picking this week
• Expect markets to inch up

Blackberries

• Supplies are sufficient and demand is steady
• Quality ranges from fair to good for Mexican stocks
• Heat-related issues include softness and cell regression (black cells shrink and turn red); fungal development has been reported
• California growers have started limited harvesting in the San Joaquin Valley
  • Quality is excellent
  • The season will continue through early July
• Prices are slowly climbing

Raspberries

• Medium-sized berries dominate availability
• Quality problems in Central Mexico include softness, mold, and leaky berries
  • The season is starting to wind down
  • Most growers have moved to Baja
• California’s Santa Maria season is underway; quality is excellent
• Growers will harvest in California’s Watsonville/Salinas region starting July 20
• Expect markets to remain steady.

The Washington storage onion season is ending; Northern California and New Mexico fresh run onions are in full swing.

Washington

• MFC Onions are available
• Washington red onion storage supplies have finished; growers are transferring to Californian onions to fill orders
• Washington yellow onion storage supplies are diminishing and are expected to finish in the next two to three weeks
• Availability is strong on all sizes
• Quality is good; occasional translucency is being reported on remaining storage supplies
• Markets are rising

California

• MFC Onions are available
• Northern California’s fresh-run season is in full swing
• Both red and yellow onion supply is strong
• All sizes are available; size profile is peaking on jumbos for both red and yellow onions
• Quality is good; excess skin and higher moisture content is typical of fresh-run onions
• Fresh-run onions will have a shorter shelf-life compared to storage onions; Markon recommends ordering for quicker turns
• Markets are slightly higher

New Mexico

• MFC Onions are available

• Supplies of all sizes are adequate
• Quality is good; excess skin and higher moisture content is typical of fresh-run onions
• Fresh run onions will have a shorter shelf-life compared to storage onions; Markon recommends ordering for quicker turns
• Rain this week has reduced harvesting in Southern New Mexico
• Expect markets to rise over the next 7-10 days

Washington pears will finish in three weeks. California pear harvests will begin in mid-July.

Washington

• Washington D’Anjou pear supplies are decreasing as the season wraps up on July 18
• All sizes are available; remaining supplies are dominated by 110- and 135-count sizes
• Bosc pears are finished for the season
• Prices remain elevated as supplies decrease

California

• Bartlett pear harvests will begin in the Sacramento River growing region in a limited manner the week of July 14
• California is estimated to see a 30% increase of Bartlett volume this year compared to 2024
• California suppliers ship 40-pound packs; Washington suppliers ship 44-pound cartons
  • Due to this pack difference, California ships approximately six to 10 fewer pieces of fruit per unit compared to Washington
  • The attached photos show Washington and California pear packs
• Growers expect a good range of sizing and excellent quality
• Due to higher sugar content, Bartletts typically have a shorter shelf life compared to D’Anjou
• Expect elevated markets as the season begins, then for markets to level out as the season ramps up

MFC Burbank and Norkotah Potatoes are available in Idaho and Washington. Markets continue to rise; advanced orders are highly recommended for full coverage and minimal picks.

Idaho

• MFC Norkotah stocks will be depleted this week; MFC Burbanks will be the sole variety for the remainder of the season
• Supplies will run through mid- to late August
• Large sizes (40- to 70-count) are extremely tight, while 80- and 90-count are adequate, and 100-count and smaller have ample supply
• New crop Norkotahs are expected to start in early August

Washington

• MFC Norkotah Potatoes continue to ship from storage
• Storage supplies are expected to finish around July 18; new crop will start July 21
• Profile is peaking on smaller sizes (90- through 120-count)

Colorado

• Norkotahs will wrap up in mid- to late August
• Light supplies, especially on larger sizes (40- through 70-count), are expected through July
• Expect new crop supplies the first week of August

Wisconsin

• Norkotahs will finish by mid- to late July
• Size profile is heavy on smaller sizes (80- through 120-count)
• New crop is expected to start in mid-August

Quality

• Overall quality is good; air checks, pressure, and shoulder bruising will be seen sporadically in remaining storage supplies (both Norkotahs and Burbanks) from all growing regions
  • Air checks are tiny thumbnail like cracks that are caused by stress due to abrupt temperatures
  • Pressure and shoulder bruising (soft, external indents) results from constant contact with adjacent potatoes, or the floor, while raw product sits in storage piles

North Dakota has finished for the season, and Texas new crop is starting. Prices are steady in most areas, while Texas markets are gradually declining as supplies grow.

Idaho

• Volume is steady; storage supplies are shipping
• Several growers are moving fresh-run product from California and Arizona to supplement their Russet potato supply
• Quality is fair to good; some lots are showing occasional pressure bruising and lighter-colored reds
• Prices are steady with good availability

Texas

• Red and yellow potato harvests have started
• Volume and quality are very good; occasional skinning will be seen with the new crop
• Supplies will be available through first week of August
• Markets are elevated for the new crop but expected to decline as volume increases

California & Arizona

• California and Arizona red and yellow potato harvests are in full swing
• Quality is good; fresh-run potatoes have thinner skins compared to storage potatoes and are more prone to mechanical damage
• These seasons are expected to run through August
• Prices remain steady; large sizes dominate

Florida

• Northern Florida red and yellow potatoes will be available through the end of July
• All sizes are adequate; large sizes dominate availability
• Quality is good
• Prices are holding steady

Upcoming regions

• Minnesota is set to begin in late July
• Wisconsin will start the first week of August

Tomato regions are transitioning north on both coasts; Roma and round markets are depressed. MFC Tomatoes are available.

Rounds

• Quincy, FL finished harvesting this week
• South Carolina expected to finish harvesting next week
• Tennessee and Alabama will start harvesting the first week of July
• California production in the Central Valley is underway and volume will increase over the next two weeks; quality is good
• Mexico has steady production in Baja (crossing in Otay Mesa, CA) and Jalisco (crossing in S.Texas)
• • The Baja Peninsula has nice quality and all sizes available
  • Jalisco has a wide range of quality due to recent rain
• Expect low markets over the next two weeks

Romas

• Florida harvesting has ended
• Tennessee will start harvesting in the early July
• California has early production in the Central Valley with good quality
• Mexico’s summer production is steady with the Baja region having the best quality

Grape & Cherry Varieties

• Florida’s Quincy region is winding down causing Eastern supplies to tighten up
• Baja Mexico has steady volume
• Overall quality is nice
• Expect slightly higher markets until Virginia and Tennessee get established in early July