Market News. Market Report - Eggs. Amerifresh Produce Weekly Link. Cheese & Butter Market Update. Flour Facts Produce Market Update.

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1 Click on the link below to view updates: Cheese & Butter Market Update Amerifresh Produce Weekly Link Market Report - Eggs Flour Facts Produce Market Update Oil Market Watch USDA - Weekly Market Average Dairy Market Fruit and Vegetables Bean Crop Update Market News

2 Egg Market Week of June 29, 2015 TONE: Retail demand seasonally average. Supplies adequate. Market steady. The regional egg markets are as follows: Northeast Midwest Southeast South Central Lg Md Source: Esbenshade, Inc.

3 Weekly Market Highlights Wheat futures prices are higher this week. Wheat markets rallied in part over weather concerns in Canada and Russia. The high protein spring wheat basis gained another fifty cents per bushel as what precious little supply that was offered met demand that was willing to pay to own milling quality wheat. This situation could be with us for the coming weeks. Tropical Storm Bill brought still more rain and havoc to Texas and Oklahoma, further delaying the drawn out winter wheat harvest there. When the skies cleared fast progress was made though, combining is now proceeding through Kansas. Yields are reported to be better than expected. Spring wheat and durum crop conditions are stellar this season, summer heat seems to be arriving in the Midwest at last. Malting Flour Facts on Flour Why are most Hard Wheat Flours treated with malted barley flour? Malted barley flour (MBF) is added to Hard Wheat Flours to assist yeast fermentation. During the dough forming stage, the MBF provides specific enzyme activity that converts the starches in the wheat flour into simple sugars. These sugars then are available as a food source for the yeast to maintain proper fermentation. A related effect of MBF is proper crust browning. Yeast activity will continue in the baked good until it reaches 120º to 130º F in the oven. Up to this point, the yeast is still consuming simple sugars. Once the yeast activity ceases, any remaining (residual) sugars in the dough will assist in crust browning. Bakers who desire increased crust color often will supplement their dough with additional sugar sources. The most common is regular sugar or non-fat dry milk solids. JUNE 25, 2015 Bushel Prices $7.00 $6.00 $5.00 $4.00 $3.00 $2.00 $1.00 $0.00 Futures & Basis Markets KC Future Spring 15% Basis Mpls Future Winter 13% Basis Flour pricing consists of a combination of Wheat futures prices and Basis Premium prices per bushel. Information contained on this chart closely resembles Gold Medal All Trumps, Mpls. Future + 15% Basis, and Harvest King, KC Future + 13% Basis. This chart does not reflect changes in millfeed values. This Chart is meant to indicate Market Direction Only.

4 Produce Market Update Produce from the Ground Up For the week of: June 28th 2015 Happy July 4 th As we pause to reflect on the 238 th anniversary of the signing of the declaration of Independence, we at the Pro Mark group extend to you wishes for a safe and enjoyable holiday week end with your family and friends. If you will be cooking out, you may want to know Almost 1 in 3: Chance that any hot dogs and pork sausages consumed on the Fourth of July originated in Iowa. The Hawkeye State was home to an estimated 19.7 million hogs and pigs on March 1, 2012, nearly one-third of the nation's total. Other hog havens: North Carolina (8.6 million) and Minnesota (7.6 million), and very many in the local pub I visited the other evening. AVOCADO -- We are past peak volume for the season and lower volumes are beginning to come out of the fields. California harvest volume dipped last week, but will pick up a little this week. Expect to dip down again next week and hold fairly steady through July before gently declining thereafter. Still peaking on 60s, with good supplies on 48s. Very good demand is keeping supplies of 48 s and larger fairly snug. Quality and flavor are both excellent. Mexican production remains good.

5 BROCOLLI -- Broccoli crowns seem to still be in better supplies than bunched, depending on which shipper you re talking to. However, both remain affordable, with most deals being made on crowns. We re thinking that steady will be the word for this week, and most likely next. With home-grown starting up around the country, Salinas and Santa Maria shippers will slide back into their summer plantings. However, there should be enough broccoli around in the short run to keep good promotional prices. Quality remains very good. CARROTS --. The conventional carrot market is steady on jumbo, table, and cello sizes. Processed and baby orders currently need a notice to assure product is ready when your truck shows up. Bakersfield crop is now in full swing on production. Weather has been warm and size is coming on and we're seeing much better production of Jumbo carrots. CAULIFLOWER -- This market is down slightly. Production is up as demand for the most part is minimal across the country. The quality overall has been favorable with slight reports of spotting. This is minimal however. Insect damage is light. Southern California and Salinas continue to be the main regions for production of this commodity. Expect moderate to good supplies for the week. There will be price gaps among the different shippers in the Salinas valley, so please keep in mind. CELERY -- Prices are weak. California stocks are plentiful; regional harvests will start soon, further decreasing demand. Good supplies of product are being harvested in Salinas. This coupled with Oxnard and Santa Maria production has made this commodity readily available. Small size availability has increased and this is reflective of lower pricing with most suppliers. The best deals continue to be with twenty-four count packs LETTUCE -- This market is steady to begin the week. Supplies are expected to be moderate to light throughout this week. Some defects being reported include puffiness, insect damage and ribbing. This is showing up during harvesting. Weights on palletized lettuce are ranging from pounds. Salinas and Santa Maria are the two main growing regions at this time. Production in Santa Maria has been on the light side, compared to Salinas production. This will continue throughout the week. LEAF LETTUCE / ROMAINE -- This market is firm on all leaf items. Chopped romaine continues to show pinking as raw material continues to be less in strength than the norm. High temperatures in the growing are the main reasons for this. The carton product will have some fringe burn, mildew and insect damage. The weights are ranging from pounds. Romaine hearts continue to be in a demand exceeds supply situation. Escalated pricing is in effect. Fringe burn and insect damage is occurring on red and green leaf as well. Butter supplies are light to moderate. PEPPERS/CUCUMBERS/SQUASH -- Peppers --.The green seedless grape market is steady with adequate supplies for generally flat demand. Quality is mostly good although the excess heat in some regions is slowing down growth and limiting harvest. Some areas are showing more shatter in the bag as we move towards the final weeks of the season. Cucumbers --. The market is slightly higher than last week. East Coast growers will move to Michigan for the summer. Stocks are ample in Baja, Mexico.

6 Zucchini & Yellow: Prices remain weak. California supplies are ample. East Coast growers will move to Michigan soon. Domestic quality is excellent; scarring is a slight problem in Georgia product. Mexican volume is low, while the Mid-West crop is now beginning to harvest. POTATOES -- Demand is moderate at best. Market is steady to slightly weaker on 70 count and smaller. Large carton market is still firm with slightly better availability due to lighter demand currently. Market on 40 through 70 count are starting to make a downward correction due to lighter demand and better supplies. Smaller potatoes 80 count and smaller are steady at low levels. New crop potatoes are right around the corner and growers know that they need to get out of their storage potatoes before the new crop. New crop will start up around the end of July beginning of August. Quality is good to fair currently. ONIONS -- The Yellow onion market is steady out of both California and New Mexico the start of this week. Red onion supplies out of New Mexico are gapping with a few growers this week which has this market climbing. California supplies are steady. Medium Yellows out of both growing areas are limited and are in a demand exceeds supplies situation. Quality is being reported as good. Walla Walla and Vidalia Sweets are available with an active market with the 4th of July pull going in full swing. TOMATOES -- Rounds: Mature green prices are high. California harvests have transitioned to the San Joaquin Valley; supplies will increase by early July. East Coast growers are moving from Florida to more northern regions, to include Arkansas now shipping with very good quality. Mexican growers are transitioning from the mainland to Baja; expect elevated vine ripe prices for two to three weeks. Cherry and Grape: Cherries in the region are starting to come around in volume. This should help the market settle a bit. Grapes are in a better situation and are good in volume and quality is improving but still suspect. Demand is low for this reason but there are deals to be made. Roma: The market has tightened on Roma's and rounds. Florida for the most part is finished, and production will begin to ramp up out of South Carolina. Product should remain with good quality and volume through the end of next week. APPLES / PEARS --. Washington Red Delicious are being quoted as steady but the price flex for 88s and larger is definitely still available. Most packers are still peaking on 88s and larger in the premium and Washington extra #1 grades and have limited supplies of 100s and smaller. Golden Delicious are mostly steady on all sizes. 125 & 138 and maller Goldens are still more limited than the other sizes and are priced at a premium. Granny-Smith are mostly steady and still peaking on 72s and larger. Granny 100s and smaller remain limited. Fujis are steady and continue to peak on the larger sizes. Fuji volume is low as the end of the season approaches and small Fujis remain very short. Galas are steady and are still peaking on 88/100s. The Galas have better availability in the smaller sizes than most other varieties but the Gala volume is also down as the end of the season is getting close..

7 STRAWBERRIES --. Salinas and Watsonville are the main growing/shipping regions for California strawberries currently. Demand is good this week with many retail ads in place taking a good percentage of available fruit and keeping demand steady, possibly continuing to strengthen and keeping supply on the short side as we move throughout this weekend. Warm temperatures in the recent week(s) brought on ripe, red fruit. Fruit is smaller in size due to it ripening before the fruit has an opportunity to grow into mature size. Fruit flavor is good and very sweet currently. Some quality issues to look out for will be soft spots, over-ripeness and bruising. CITRUS Lemons: Crop is peaking on 140s and smaller. Demand is exceeding supplies on all sizes and grades of fruit. Very good demand and drought conditions in growing areas means production of less fruit and no size growth are the major factors for the demand exceed conditions. Oranges: The navel crop is about over as most growers are reporting that they have completed the conversion to Valencia s. Both crops seem to be heavy to the 88 and larger counts. Limes: The market should remain low through the summer; volume is high. Quality is excellent: flavor is tart and bright. Prices have eased; supplies in all sizes have increased. Quality is excellent: skins are dark green and flavor is bright. GRAPES -- Prices are stable, but could inch up during the transition from Mexico to California. Mexican supplies will be on the market through June. New crop on green grapes has begun, and quality is good. Red grapes are experiencing quality and size issues. They are still coming from Chile Mexico/Coachella. Flames and Perlette's have started. Green seedless sugar levels range from 16 to 17. MELONS -- Cantaloupe & Honey Dew --. The cantaloupe market has quickly moved to a "demands exceeds "situation. Rain affected the region last Friday which prevented pack outs for that day. We have been getting rain from Hurricane Blanca which has not helped. Fruit is projected to be 9's and larger. The California "west side" is set to start the week of July 6th. The desert supplies on Honey Dews are slightly less this week, which has caused the market to increase a little. The domestic dews have excellent quality and are commanding a premium compared to the product from Mexico. The quality on Mexican and domestic dews is very nice and they all have high sugar contents as well. The peak size is 6ct on the domestic dews coming in right now. Supplies out of Mexico remain at low levels with 6s and 8s being the main sizes coming in Honeydew sizing in Arizona continues to be 6's and 8's with 5's being very limited. California starts in about 3 weeks. Prices are low, but will start climbing when the Mexican season ends Ron Orr Produce Peddler Pro Mark [573] ronorr@promarkproduce.com

8 June 26, 2015 Market Watch Market Watch

9 Soybean Oil Market Pricing Trend Soybean Oil Crop Updates Misc. Influences The USDA stocks and acreage reports will be released early next week. Rains need to lighten to avoid risk premiums. Renewed fear of supply issues supports the market. Crush rates expected to maintain record pace. Bullish Recent Trend Neutral June 26, 2015 Bearish Key Factors Impact Slow soybean planting progress in wet areas of the Corn Belt have market trimming expectations ahead of USDA s June 30 acreage report. Heavy rains last week from TS Bill and additional moisture in northern Corn Belt resulting in some flooding in lowlying areas. Trade expectations for 2015 US soybean plantings range between and 86.8 million acres vs LY. US soy planting progress is slowly, key word SLOWLY, coming to a close. The 22 nd planting progress reports show 90% complete, up only 3 points from last week and behind last year and 5-year average of 95%. Crop Good to Excellent ratings also slightly declined to 65% vs. 67 last week and 72% last year. Value Ranges * Flash Summary July options expire today with first notice day Monday. Oil has lost some share of crush this week thanks to stronger demand for meal that has elevated cash basis levels. Thursday s July close was 33.1%. Choppy trade expected ahead of Tuesday s reports, and oil should mostly follow soybean prices. Managed money was seen as slight buyers of soybean oil in the w/e June 23. * Value ranges represent good booking levels if the market dips into this range Expected Value Range $ $36.00 cash The information above reflects the current opinion of Stratas Foods but does not represent a guarantee of future market conditions. All final oil booking decisions should be made by the end customer and not Stratas Foods. Market Watch

10 Corn Oil Recent Trend Corn Oil Market Pricing Trend Key Factors USDA June 30 intentions will be key to market direction. Crop Updates Informa s acreage survey pegs corn plantings at 88.8 mln acres vs in May. The USDA intentions in March were at USDA will release their June 30 update on Tuesday. Informa has a 3 mln acres larger acreage pie than the USDA March report. Crop conditions reported Monday the 22 nd showed corn 71% Good-Excellent, down 2% from the previous week and last year s rating also at 73%. Coming up on Monday, we expect another slight decline due to eastern Corn Belt showers, which will be partially offset by favorable conditions in the western portion. Forecasts for unwanted rains continue into next week. BA Grain Exch. Reports 49% vs. 43% last week. Flash Summary Misc. Influences Rains continue to pour on the eastern Corn Belt. Managed money seems to be building short positions in corn. We expected to remain in the recent ranges unless weather makes market turn worse. Bullish Neutral June 26, 2015 Bearish Impact Next week we anticipate position squaring as we head into month and quarter end. Weather premium risk still present in the corn market. Weekly exports came in strong at 497,000 t. This week s report brings totals to 97% of the USDA estimate, slightly ahead of last year s pace at 96% of the estimate. Trade indicated that they may have dialed down some of the optimistic outlooks for a yield. LaSalle suggests a number closer to 164 due to wet conditions. Brazilian vessel lineup is rapidly building up to 1.75 MMT from 750 TMT last year. Value Ranges * * Value ranges represent good booking levels if the market dips into this range Expected Value Range $ $52.00 cash The information above reflects the current opinion of Stratas Foods but does not represent a guarantee of future market conditions. All final oil booking decisions should be made by the end customer and not Stratas Foods. Market Watch

11 Canola Oil Market Pricing Trend Canola/Rapeseed Oil Crop Updates Recent Trend Key Factors The Canadian forecast shows rain on the way, but as we said last week, farmers won t rest until the gauge is full. StatsCan report due Tuesday is historically a vital report for planting season market direction; however with weather so crucial right now, it may be discounted due to replanting and the overall dry pattern we are trending. Nevertheless, the report is estimated to range from million acres, with the average at Yield potential discussion has come up in most markets. The story in canola is a decrease with the dryness throughout major growing regions. Misc. Influences Canadian canola farmers still pleading for rains. StatsCan release Tuesday morning is historically critical to market direction this time of year. EU is also experiencing a move higher. Bullish tone will continue until we see a definite change in weather conditions. Bullish Neutral June 26, 2015 Bearish Impact IGCs estimate of world rapeseed stocks trimmed down by 100,000 tonnes to bring stocks at close to 4.0 MMT. Unfavorable crop conditions substantially pulling down production. With recent weather concerns, the trade hasn t taken a look at demand in quite sometime, The Canadian Grains Commission did report that seed sales in May totaled 836 TMT, down 200 TMT from the May report in However, cumulative sales for the year are still larger in 2105 than Value Ranges * Flash Summary * Value ranges represent good booking levels if the market dips into this range Expected Value Range $ $42.00 cash The information above reflects the current opinion of Stratas Foods but does not represent a guarantee of future market conditions. All final oil booking decisions should be made by the end customer and not Stratas Foods. Market Watch

12 Tropical Oils Palm and Coconut Oil Market Pricing Trends Crop Updates Decent rains have quieted El Nino naysayers for now. Current radar/forecasts have additional moisture moving into Southeast Asia. El Nino chatter still puts output in LH 2015 in question. Flash Summary Recent Trend Misc. Influences Key Factors Palm markets track movement of the competing oils. Weak ringgit is supportive of the market. Decent moisture levels despite El Nino talk Indonesia set to collect export levy starting July 1 Impact MPOA June 1-20 production for Malaysia shows a 1.8% decrease. This is the first decrease we have seen in quite awhile. Exports from Malaysia reported as of the 25 th at MMT ITS vs SGS. We should see stocks unchanged, rather than our recent trend of growth month over month with productions down and exports nearly unchanged. After all, we are at 6 month stocks highs so anything greater than unchanged is undesirable for the palm market. Chinese inactivity remains the story for the palm market after a wash out last week and a three day holiday weekend. Demand remains to be questioned going forward. Malaysian trades await to see if the Indonesian government will enforce the new export duties. Observance of Ramadan has slowed market activity. Energy prices have held steady most of the week. Bullish Neutral June 26, 2015 Bearish The information above reflects the current opinion of Stratas Foods but does not represent a guarantee of future market conditions. All final oil booking decisions should be made by the end customer and not Stratas Foods. Market Watch

13 F16-Period 02 USDA Daily Market Quote - MPR Weighted Average W/O 6/1/15 1-Jun 2-Jun 3-Jun 4-Jun 5-Jun Ave. Diff Hog Slaughter ,120 Total HQM Base Price $ $ $ $ $ $ Average 20/23 Hams (4.49) 23/27 Hams (6.61) 1/4" Trim Bone In Loin (2.39) Bnls CC Loin Strap Off (0.23) Tenderloins /13 DeRind Bellies Bnls Picnics, 72% (2.51) Pork Trimmings 42% Pork Trimmings 72% Beef Trimmings 50% TS (6.77) Beef Trimmings 85% TS (0.53) W/O 6/8/15 8-Jun 9-Jun 10-Jun 11-Jun 12-Jun Ave. Diff Hog Slaughter ,128 Total HQM Base Price $ $ $ $ $ $ Average 20/23 Hams (2.87) 23/27 Hams (1.48) 1/4" Trim Bone In Loin (2.06) Bnls CC Loin Strap Off (12.18) Tenderloins /13 DeRind Bellies Bnls Picnics, 72% (0.51) Pork Trimmings 42% Pork Trimmings 72% Beef Trimmings 50% TS (7.71) Beef Trimmings 85% TS (6.02) W/O 6/15/15 15-Jun 16-Jun 17-Jun 18-Jun 19-Jun Ave. Diff Hog Slaughter ,135 Total HQM Base Price $ $ $ $ $ $ Average 20/23 Hams /27 Hams /4" Trim Bone In Loin (7.15) Bnls CC Loin Strap Off (10.78) Tenderloins (0.26) 9/13 DeRind Bellies Bnls Picnics, 72% Pork Trimmings 42% (3.00) Pork Trimmings 72% Beef Trimmings 50% TS (0.35) Beef Trimmings 85% TS (1.37) W/O 6/22/15 22-Jun 23-Jun 24-Jun 25-Jun 26-Jun Ave. Diff Period Ave. Hog Slaughter ,675 Total HQM Base Price $ $ $ $ $ Average 20/23 Hams /27 Hams (1.52) /4" Trim Bone In Loin (10.24) Bnls CC Loin Strap Off (6.39) Tenderloins /13 DeRind Bellies Bnls Picnics, 72% (4.66) Pork Trimmings 42% (7.43) Pork Trimmings 72% (5.25) Beef Trimmings 50% TS Beef Trimmings 85% TS

14 What s Happening in the Dairy Markets? June 2015 Milk: In the May Milk Production Report, USDA estimated billion pounds of milk were produced in the top 23 states, up 1.4% from a year ago with U.S. milk production declining month-over-month by -0.2% suggesting production is now past its seasonal peak. U.S. production fell -0.1% below the five-year average growth rate. On a daily average production basis, eighteen states posted yearover-year milk production gains with South Dakota for the fourth consecutive month showing the strongest growth, up 8.9%. Milk per cow in South Dakota increased 2.7%, while cow numbers were up 6.2%. Of the five states showing losses versus 2014, California again showed the largest decline down 107 million pounds (-2.9%), driven by a -2.8% decrease in milk per cow and steady dairy cows in the milking herd. Milk production continues to be under strain in the Western states while the Midwest and Eastern states have made up for its shortfalls with stronger than average yearover-year gains. Year-to-date U.S. milk production is running 1.7% above 2014 levels. The size of the 50-state milking herd in May increased 3,000 head from the month of April to 9.31 million head, 58,000 head stronger than May U.S. milk per cow at 1,971 lbs. decreased -0.2% from the month of April on a daily average basis but was 0.8% higher (+15 lbs.) than the previous year. Cheese: In April, total cheese production was estimated at million pounds, 1.9% above year-earlier levels and increased 1.6% from the month of March. Total cheese production was 71.7 million pounds higher than the five-year average. American cheese production at million pounds increased 2.3% from the previous year and moved 3% higher from the previous month. American cheese production now sits 21.4 million pounds above the five-year average. Year-to-date total cheese production is 2.6% above the comparable period a year ago, and American cheese production is 2.7% higher. May total cheese inventories were estimated at 1.11 billion pounds, 4.1% higher than the previous year and up 2.6% from the month of April on a percentage basis. Previous month s stocks were revised 5 million pounds higher. Total cheese inventories are 37.4 million pounds higher than the five-year average. The total cheese supply at the end of May was equivalent to 34 days worth of use versus 34 days last month and 34 days a year ago. American cheese inventories at million pounds were 1.2% higher than the previous year for the first time in three months and increased 3.2% from the previous month. American cheese inventories are 12.3 million pounds larger than their five-year average. The American cheese supply at the end of May was equivalent to 53 days worth of use, compared with 51 days last month and 54 days last year. Despite lower international cheese prices, U.S. exports have remained surprisingly resilient. According to USDA, 69.8 million lbs. of cheese was exported in April, aided in part by the Cooperatives Working Together (CWT) export assistance program. This was down -6.5% from April 2014 and represents 7.1% of monthly total cheese production. In 2015, CWT has so far awarded 38 million pounds of cheese export bonuses for shipments through November Year-to-date, 263 million pounds of cheese has been exported, down -11% from 2014 levels representing 6.8% of total cheese production. Butter: Butter production in April totaled million pounds decreasing -1.7% compared to the previous year, marking the fourth consecutive month of year-over-year declines despite increasing 3.7% from the month of March. Butter production surpassed its five-year average this month by 5.6 million pounds but is trailing prior year levels by 19.5 million pounds (-2.9%) year-to-date. May butter inventories estimated by USDA at million pounds were 26.2% higher than the previous-month level and increased 13.7% compared to This is the largest April to May increase in butter inventories since 2006 with stocks now 29.1 million pounds above their five-year

15 average. The butter supply at the end of May was equivalent to 51 days worth of use compared with 45 days last month and 40 days last year. In April, the US exported 5.4 million pounds of butter, aided in part by CWT s export assistance program. This is a -72.6% decrease from the previous year, representing approximately 3.3% of monthly butter production. In 2015, CWT has thus far awarded 30.4 million pounds of butter and 20 million pounds of whole milk powder (WMP) export bonuses for shipments scheduled through November Year-to-date 22.5 million pounds of butter has been exported down -73% from 2014 levels, representing 3.4% of monthly butter production. Other influences: In its latest semimonthly auction, Fonterra s Global Dairy Trade price results in June were mixed. Skim Milk Powder averaged $.8971/lb., down -0.2% from the previous auction, Whole Milk Powder averaged $1.0556/lb., down -0.1%, Anhydrous Milk Fat (AMF) averaged $1.2764/lb., down -8.9%, Cheddar averaged $1.4187/lb., an increase of 2.4% and butter averaged $1.2280/lb. up 3.3%. In the latest biweekly international price report compiled by AMS (Agriculture Marketing Service, a subset of USDA), the Oceania price for cheddar was unchanged at $1.5649/lb., with Oceania butter (82% butterfat) down -$.1191/lb. to $1.3268/lb. European butter (82% butterfat) was steady at $1.4855/lb.

16 2015 Crop Report V O L U M E 6, I S S U E 2 J U N E 1 9, Fruit Crop Weather Conditions Dry and Hot California is entering into the fourth straight year of drought conditions. Despite several rainfall events over the previous winter, the snow pack remained considerably less than normal. The lack of precipitation will once again force reduced allocations to growers and a continued reliance on wells to provide sufficient water supplies. Immediate and long term implications remain unknown. The 2015 apricot pack will run short the lack of chilling hours will prove deleterious and the Apricot Producers Council is currently projecting a crop that could come in at 50% of prior year totals. Raw product pricing has increased over 140% compared to 2014 and is largely due to incremental labor and growing costs. Harvest began early June with production starting up on June 4th. Quality is good and case yields are slightly above standard. Seneca expects to fulfill budget requirements. Peach growers continue to thin their orchards to help improve sizing. Current projections are for a budget crop although the industry block by block yield estimates have yet to be published. Initial harvesting should begin to build by the week of June 29th. Cherry contracting is under negotiations with fruit quality, color, sizing and natural sugar levels looking positive. Harvesting will be ongoing by end of June. The pear crop is progressing well with thinning operations expected to be completed by mid June.

17 . PAGE 2 Rainfall Challenges Vegetables The lack of water on the west coast is being more than compensated in other growing regions across the country. Excessive rainfall is resulting in standing water, heavy crusting, and soil erosion in Midwest planting regions. Tem peratures have been slightly above average. In general, Idaho temperatures have been good peas, corn, and carrot plantings are tracking ahead of schedule. The overall irrigation wa ter situation in Idaho appears suffi cient to support the 2015 crop sea son. Sugar snap pea harvest is 19% com pleted with good yields and quality. Pea harvesting began on June 10 but was abbreviated due to heavy rains. Corn plantings have struggled with the weather conditions. Shorter ma turity varieties will augment supplies once field conditions will allow con tinued planting progress. Green bean plantings in New York have also been limited and are now approximately ten days behind schedule the Midwest is running five days behind. Beets wet conditions continue to delay plantings. Carrots all acreage has been planting but there may be some tonnage loss due to heavy rainfall. Cabbage New York plantings are in process tough sledding with weather challenges. Despite weather challenges, a budget crop is still expected CROP REPORT return to index

18 Growers, Processors, Packers, Distributors and Exporters of Dried Beans, Peas, Rice and Popcorn Quality and Service since 1975 June BEAN CROP PLANTING UPDATE According to USDA's National Agricultural Statistics Service, 83 percent of Minnesota's dry bean crop had emerged of Sunday, June 14. The first crop rating of this year puts 62 percent of the beans in the good to excellent categories. North Dakota dry bean planting was reported to be 93 percent complete, a gain of 11 percentage points from the previous week. Seventy percent of the crop had emerged, compared to the five-year average of 56 percent. In Idaho, 92 percent of the dry beans had emerged as of Sunday. In Oregon, a heat wave is affecting crops and irrigation. Fifty-seven percent of the state's topsoil moisture supplies are rated short to very short. Ninety-two percent of Washington's beans have emerged, far ahead of the 44 percent average. Forty-nine percent of the dry beans in Colorado are seeded, well behind the 75 percent average. In Nebraska, planting advanced 40 percentage points in one week, but, at 63 percent complete, is 14 points behind the average pace. Wyoming growers are also behind the five-year average planting pace, with 60 percent of their dry beans planted, compared to the 81 percent average for this date. RAINS OVER THE PAST 10 DAYS LEAVE US WITH NEARLY HALF OF MICHIGAN S 2015 BEAN CROP TO PLANT OR TO BE RE-PLANTED In Michigan, dry bean growers continued planting last week, but some indicated a need to replant some fields due to excessive moisture. Planting is 70 percent complete, 11 points ahead of the five-year average pace. This excessive amount of rain hurt newly planted bean fields and some of these fields will have to be re-planted completely or partially re-planted in the low areas according to the Michigan Bean Commission. Growers will have to weigh the risks of late planting on their individual farms. Over the years, dry bean trials planted June have matured with little to no frost damage. Dry beans planted in late June and early July will have more risk, but in most years, they will mature before the killing frost. Yield advantage between early and full season beans is very little when dry beans are planted late. There may be an advantage to switch to shorter season dry beans the later a grower has to plant. Corporate Headquarters: E. Valley Blvd., City of Industry, CA Tel: (626) Fax: (626)

19 Below, you ll find the Planting Date Cutoff Guide listing most of the commercial dry bean varieties planted in Michigan. Corporate Headquarters: E. Valley Blvd., City of Industry, CA Tel: (626) Fax: (626)